TomTom Q1 Operating Profit Doubles to €13.8m

TomTom's Q1 operating profit rose to €13.8 million, more than double the €5.7 million a year earlier, with margin expanding to 11%.
Group revenue fell 8% to €129.2 million, driven by declines across Location Technology, Automotive, Enterprise and Consumer segments.
Cost cuts reduced operating expenses to €102.7 million from €117.4 million and gross margin improved to 90% from 88%.
TomTom signed traffic data deals with AECOM, Kapsch TrafficCom and LOCUS, and guided FY2026 revenue €495‑€555 million with ~3% operating margin.