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Navigation firm TomTom sees broadly flat 2024 sales on subdued auto sector

However, its shares rose 7% in early Friday trade after its fourth-quarter operating loss widened less than expected. TomTom, whose customers include Volkswagen and Hyundai, had been benefiting from a backlog in auto orders after extended supply disruptions, but that could be changing as inflation-weary consumers delay purchases of new cars. "I think we need to be a little bit careful of all macroeconomic development and car demand that could fluctuate a little bit this year," CEO Harold Goddijn told Reuters, while adding he was optimistic about the year overall.

Navigation Firm TomTom Sees Broadly Flat 2024 Sales on Subdued Auto Sector

Navigation Firm TomTom Sees Broadly Flat 2024 Sales on Subdued Auto Sector
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Costs of Goods, Services Increase around the World

Costs of Goods, Services Increase around the World
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