TomTom reports Q3 preliminary results, sales drops 6%y/y to USD268.5 million
Adjusts full-year sales outlook to EUR980 million
TomTom has reported 6% year-over-year decline in sales to EUR239.3 million (USD268.5 million) in the third quarter ended 30 September 2016, the Netherlands-based navigation supplier said in a press release. The decline in sales during the quarter was led by 15% y/y drop in the Consumer segment to EUR137.1 million (USD153.8 million) and 2% y/y fall in sales in Licensing segment to EUR34.4 million (USD38.6 million).
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