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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  TomTom NV    TOM2   NL0013332471

TOMTOM NV

(TOM2)
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Delayed Quote. Delayed Euronext Amsterdam - 02/17 11:35:25 am
10.544 EUR   +0.90%
02/12TOMTOM : Annual report & accounts 2019
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02/06TOMTOM : Earnings Q4 2019 Transcript
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02/05TOMTOM : Q4 2019 Results Presentation
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TomTom closes deal with Huawei for use of maps and services - spokesman

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01/17/2020 | 11:24am EST
FILE PHOTO: TomTom mapping system is seen inside a vehicle in Eindhoven

Dutch navigation and digital mapping company TomTom on Friday said it has closed a deal with China's Huawei Technologies for the use of its maps and services in smartphone apps.

Huawei was forced to develop its own operating system for smartphones, after it was effectively blacklisted by U.S. President Donald Trump’s administration last year out of concerns over national security.

This banned Huawei from using Google’s official Android operating system, along with widely used apps such as Google Maps, in new phones.

The deal with TomTom means Huawei can now use the Dutch company's maps, traffic information and navigation software to develop apps for its smartphones.

TomTom spokesman Remco Meerstra said the deal had been closed some time ago but had not been made public by the company.

Meerstra declined to provide further details of the agreement.

TomTom, which is moving away from selling devices to offering software services, sold its telematics division to Japan's Bridgestone last year to focus on its digital map-linked businesses.

(Reporting by Bart Meijer; Editing by David Goodman)

Stocks treated in this article : Bridgestone Corporation, Alphabet, TomTom
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.35% 1518.73 Delayed Quote.13.39%
BRIDGESTONE CORPORATION 0.44% 3908 End-of-day quote.-2.57%
TOMTOM NV 0.90% 10.544 Delayed Quote.11.93%
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Latest news on TOMTOM NV
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02/06TOMTOM : Earnings Q4 2019 Transcript
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02/05TOMTOM : Q4 2019 Results Presentation
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Financials (EUR)
Sales 2020 673 M
EBIT 2020 -239 M
Net income 2020 -208 M
Finance 2020 347 M
Yield 2020 -
P/E ratio 2020 -4,78x
P/E ratio 2021 -73,7x
EV / Sales2020 1,54x
EV / Sales2021 1,35x
Capitalization 1 387 M
Chart TOMTOM NV
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Technical analysis trends TOMTOM NV
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 10,53  €
Last Close Price 10,54  €
Spread / Highest target 18,6%
Spread / Average Target -0,10%
Spread / Lowest Target -24,1%
EPS Revisions
Managers
NameTitle
Harold Goddijn Chief Executive Officer
Peter N. Wakkie Chairman-Supervisory Board
Taco Titulaer Chief Financial Officer
Charles W. Davies Group Chief Technology Officer
Jacqueline A. Tammenoms Bakker Deputy Chairman-Supervisory Board
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