TomTom withdraws 2020 outlook
(WorldNews Netherlands)

TomTom withdraws 2020 outlook Amsterdam, 31 March 2020, 7:30 CEST - TomTom (TOM2) today announced that it withdraws its 2020 outlook, as the economic impact resulting from the COVID-19 pandemic on its financial results can currently not be reliably assessed. In our original outlook we expected our group revenue to show a decline of around 5%, our Location Technology business to grow revenue by around 9%, and free cash flow (FCF) was expected to be a mid to high single digit percentage of...