The following is a summary of the TomTom N.V. (TMOAF) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Q2 revenue decreased by 3% year-on-year to EUR152 million.

• Location Technology revenue saw a slight increase from last year, ending at EUR129 million.

• Automotive revenue decreased by 2% year-on-year to EUR89 million.

• Enterprise revenue increased by 11% year-on-year to EUR41 million.

• Consumer revenue decreased by 17% year-on-year to EUR23 million.

• Gross margin for Q2 was 80%, affected by non-recurring engineering costs.

Business Progress:

• Commencement of TomTom Orbis Maps with global coverage, enhancing competitive positioning in the mapping industry.

• Notable new contracts with Microsoft for integrating TomTom Orbis Maps across various platforms and with the Australian Government.

• Partnership with Qualcomm for map delivery on new asset tracking platforms and integration of traffic data for Bolt's operations.

Opportunities:

• Growing traction in both the Enterprise and Automotive sectors, with significant new contracts expected to boost the sales funnel conversion.

• Strategic deals and product innovations anticipated to enhance share in the long-term operational market, despite current unpredictability.

Risks:

• The revised projection for lower automotive production volumes and delays in new model introductions might lead to adjusted financial expectations.

• A less predictable market environment in the Automotive sector raises concerns on short to mid-term revenue growth.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.