Dutch mapping and navigation company TomTom reported on Wednesday third-quarter core earnings above analysts’ expectations, helped by growth in its automotive business.
The Amsterdam-based company, whose customers range from major carmakers to leading global tech firms, reported earnings before interest, taxes, depreciation and amortisation (EBITDA) of 3.9 million euros ($4.58 million), compared to 15.9 million a year earlier.
Analysts polled by the company had estimated an EBITDA of 1 million euros.
TomTom also announced the extension of its maps and traffic supply contract with Uber.
($1=0.8516 euros)
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