Q2 2025 TomTom NV Earnings Call Transcript
Key Points
- TomTom NV (TMOAF) has made significant investments in its technology stack, strengthening its competitive position.
- The company has introduced modular products that are easier to integrate, customize, and scale, enhancing user experience.
- TomTom NV (TMOAF) is transitioning to a product-led operating model, which is expected to increase agility and focus.
- The company is expanding its product portfolio, including the launch of the Model Context Protocol Server, which leverages AI for innovation.
- Despite short-term market uncertainties, TomTom NV (TMOAF) is raising its guidance, reflecting confidence in its strategic direction and long-term opportunities.
- Group revenue for the second quarter decreased to EUR146 million from EUR152 million in the same period last year.
- Automotive operational revenue saw a year-on-year decrease of 13% due to lower car volumes and the ramp down of some car lines.
- Enterprise revenue declined by 4% compared to the same period last year, impacted by the weakening dollar and the absence of a large Australian government contract.
- Consumer revenue declined by 15% year-on-year to EUR20 million.
- The company is undergoing a restructuring process, reducing around 300 roles, which reflects challenges in aligning workforce with new strategic goals.
Good day, ladies and gentlemen. Welcome to TomTom's second-quarter 2025 results conference call. (Operator Instructions) Please note that this conference is being recorded. I will now turn the call over to your host for today's conference, Freek Borst, Investor Relations. Please go ahead.
Thank you, operator, and good afternoon, everyone. Welcome to our quarterly conference call. Over the course of today's call, we'll be reviewing the key operational highlights and financial results for the second quarter and first half of 2025, together with our CEO, Harold Goddijn; and our CFO, Taco Titulaer. Harold will start us off with an update on our strategic progress, followed by Taco, who will present an overview of the financial performance and our outlook.
After their prepared remarks, we will open the line for your questions. As always, please note that Safe Harbor applies.
And with that, Harold, Let me pass it over to you.
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