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TomTom expects growth in Q4 revenue report

Netherlands: TomTom, the Netherlands-based navigation company, on Tuesday reported fourth-quarter earnings slightly ahead of expectations and forecast sales growth of around 5 percent for 2016. The company said adjusted net profit was 23.1 million euros, compared with 9.7 million euros in the same period a year ago, ahead of 19.4 million euros forecast by a group of analysts.

TomTom is a global leader in map and traffic information, with global map coverage and navigable maps for 134 countries and a traffic database which has collected 13 trillion GPS-based probe points, while adding billions of new measurements a day.

Source: Reuters