Q3 2024 TomTom NV Earnings Call Transcript

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Oct 11, 2024

Oct 11, 2024 / 11:00AM GMT
Freek Borst - TomTom NV - IR

Good afternoon, everyone. Welcome to our conference call. Today, we will be discussing the operational highlights and financial results for the third quarter of 2024, together with Harold Goddijn, our CEO; and Taco Titulaer, our CFO. Harold will begin by discussing the operational developments. Following that, Taco will provide insights into our financial results as well as our outlook. We will then proceed to your questions. As always, please note that Safe Harbor applies.

And with that, Harold, let me hand it over to you.

Harold Goddijn - TomTom NV - Chief Executive Officer, Member of the Management Board

Yeah. Thank you very much, Freek, and welcome, ladies and gentlemen. Thank you for joining us today. I will take you through some of our recent developments and operational highlights, and then we hear from Taco about the financials.

We are facing a slowdown in the global automotive industry. Near-term market conditions are challenging. Carmakers are reducing inventories in certain markets and are delaying new

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