AMSTERDAM (Reuters) - TomTom (AS:TOM2), the Dutch navigation and mapping company, reported on Tuesday better-than-expected first-quarter core earnings, despite a decline in sales.
The company's earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at 43 million euros (£37.1 million), compared with average expectations of 34 million euros in a company-published poll, unchanged from the first quarter of 2017.
Sales dropped by 10 percent to 192 million euros as the company's personal navigation device business continued to shrink.