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TomTom sees more supply chain constraints in 2022, misses Q4 forecasts, Auto News, ET Auto

TomTom sees more supply chain constraints in 2022, misses Q4 forecasts, Auto News, ET Auto

by admin
February 5, 2022
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 Dutch navigation and digital mapping company TomTom
Dutch navigation and digital mapping firm TomTom

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.

Additionally Learn:

“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.

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Tags: AutoChainConstraintsforecastsmissesNewsseessupplyTomTom

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