TomTom Full Year 2024 Earnings: EPS Misses Expectations

Simply Wall St

February 09, 2025

TomTom (AMS:TOM2) Full Year 2024 Results

Key Financial Results

Revenue: €574.4m (down 1.8% from FY 2023).
Net loss: €17.3m (loss narrowed by 18% from FY 2023).
€0.14 loss per share (improved from €0.16 loss in FY 2023).

revenue-and-expenses-breakdown — ENXTAM:TOM2 Revenue and Expenses Breakdown February 9th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

TomTom EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 33%.

The primary driver behind last 12 months revenue was the Location Technology segment contributing a total revenue of €505.0m (88% of total revenue). The largest operating expense was Research & Development (R&D) costs, amounting to €362.1m (71% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of €3.01m. Explore how TOM2's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Europe.

Performance of the market in the Netherlands.

The company's shares are down 21% from a week ago.

Risk Analysis

Be aware that TomTom is showing 1 warning sign in our investment analysis that you should know about...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.