TomTom Shares Jump After Return to Profit in 1Q, Guidance Backed

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Shares in TomTom NV rose up to 12.5% on Friday after the map maker posted a swing to net profit for the first quarter of 2023 as growth in its location technology’s automotive business boosted its revenue.

At 0727 GMT, shares were up EUR0.58, or 7.5%, at EUR8.15.

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