The navigation technology firm posted a 6% operating margin in Q2, reversing a €20M loss a year earlier amid cost controls.
TomTom reported Q2 revenue of €135M, down 8% year-over-year, as declines in automotive and location technology segments weighed on results. Operating income reached €9M, swinging from a €20M loss in the same period last year, with margins improving to 6% from -14%.