TomTom N.V. (OTCPK:TMOAF) Q3 2024 Earnings Conference Call October 11, 2024 7:00 AM ET
Company Participants
Freek Borst - IR
Harold Goddijn - CEO
Taco Titulaer - CFO
Conference Call Participants
Marc Hesselink - ING
Wim Gille - ABN ODDO
Nikos Kolokotronis - Van Lanschot Kempen
Operator
Good day, ladies and gentlemen. Welcome to the TomTom Third Quarter 2024 Results Conference Call. [Operator Instructions] We will be facilitating a question-and-answer session towards the end of today's prepared remarks. [Operator Instructions] Please note that this conference is being recorded.
I will now turn the call over to your host for today's conference, Freek Borst, Investor Relations. You may begin.
Freek Borst
Thank you, Operator. Good afternoon, everyone. Welcome to our conference call. Today, we will be discussing the Operational Highlights and Financial Results for the Third Quarter of 2024, together with Harold Goddijn, our CEO; and Taco Titulaer, our CFO.
Harold will begin by discussing the operational developments, following that, Taco will provide insights into our financial results as well as our outlook. We will then proceed to your questions. As always, please note that safe harbor applies.
And with that, Harold, let me hand it over to you.
Harold Goddijn
Yes. Thank you very much, Freek, and welcome ladies and gentlemen. Thank you for joining us today. I will take you through some of our recent developments and operational highlights, and then we hear from Taco about the financials.
We are facing a slowdown in the global automotive industry. Near-term market conditions are challenging. Carmakers are reducing inventories in certain markets and are delaying new model introductions. Combined with an overall reduction in end-user demand, this is affecting car production volumes.
But despite these factors, we remain optimistic about the longer-term industry trends that call for deeper integration of our technologies
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