TomTom CEO and founder Harold Goddijn not considering delisting
TomTom( AMS: TOM2) is not considering delisting the company from the Amsterdam Stock Exchange even though such a move would make it easier for the Dutch navigation tools company to transition to a different businessmodel, CEO and founder Harold Goddijn said in an interview with Dutch daily Het Financieele Dagblad.
While admitting it is harder to transition while being listed, Goddijn praised the demand for transparancy that comes with the listing.
The four TomTom founders still own 45% of the company.
TomTom had a revenue of EUR 903m in 2017. Of that revenue 61% came from data, computer programming and services, which is very different from the consumer market the company used to focus on, the report adds.
Link to original source (het Financieele Dagblad)