TomTom Result 21/10/2016

TomTom was slightly down on sales at €239 million in Q3 from €254 million last year, but gross margins rose to 60%, from 53%, so EBITDA was maintained at €33 million. The company is diversifying and has introduced its first first fitness activity tracker, the new GPS Outdoor Watch and the world’s first GPS for scooters. New customers included Subaru and Volvo Trucks for infotainment systems. The company has done a deal with Nvidia to develop a cloud-to-car mapping system for self-driving cars.