Navigation firm TomTom's shares jump after surprise Q1 profit

FILE PHOTO: TomTom logo is seen on a vehicle in Eindhoven, Netherlands, November 21, 2019. REUTERS/Eva Plevier/File Photo

(Reuters) -Dutch navigation and digital mapping group TomTom reported a surprise first-quarter profit on Friday helped by cost controls and sales growth in its location pin-pointing and automotive markets, sending its shares up 8%.

TomTom, which counts Volkswagen, Renault and Microsoft among its clients, had been hit by soaring inflation and the global chip shortage that disrupted the automotive and electronics industries.