Dutch navigation and digital mapping firm TomTom mentioned on Friday it anticipated extra provide chain constraints in 2022 because it reported weaker-than-expected quarterly core earnings.
The Amsterdam-based agency, whose clients vary from main automotive firms to main international tech companies, mentioned provide chain shortages would persist all year long earlier than easing in 2023.
The Amsterdam-based firm, whose clients vary from main carmakers to main international tech companies, reported a fourth-quarter loss earlier than curiosity, taxes, depreciation and amortisation (EBITDA) of 19.2 million euros ($22.00 million), lacking the 7-million-euro loss analysts had forecast.
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“This multi-year deal between TomTom and the Volkswagen Group covers all markets globally excluding China and is the continuation of a profitable and lengthy cooperation,” TomTom mentioned.
Volkswagen’s new software program home goals to combine the navigation tightly into its automobile platforms offering a seamless operation throughout infotainment and probably the most superior driver help techniques.
