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Wireless

TomTom posts FY loss after writedown of consumer business

Tuesday 6 February 2018 | 11:59 CET | News
TomTom recorded a net loss of EUR 204 million for 2017, as the company wrote off all the goodwill at its consumer business in an impairment charge of EUR 169 million. The company said it targets higher adjusted earnings in 2018 as it continues its shift away from the navigation device market towards software for fleet management and telematics. 

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Categories: Mobile & Wireless
Companies: TomTom
Countries: Netherlands / World
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