TomTom Q2 sales below expectations

Satellite navigation system maker TomTom booked fewer sales than it expected in the second quarter of this year, the company said on Wednesday.

In addition, prices were below expectations. Nevertheless, TomTom is still happy with its second-quarter performance, news agency ANP reported.
On Tuesday TomTom published details of its new share issue which it hopes will raise €430m to reduce its debts and shore up its finances.

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