Tele Atlas N.V.
Tele Atlas N.V. english
Tele Atlas revenues up by 8% in first half year
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Tele Atlas revenues up by 8% in first half year
Tele Atlas, a worldwide leading developer in digital geographic databases,
realized revenues of EUR 39.5 million for the first half of 2002 (first half
2001: EUR 36.5 million), an improvement of 8% on the comparable period of 2001.
The operating result for the European business grew from a loss of EUR 1.7
million in the first half of 2001 to an operating profit of EUR 0.5 million.
EBITDA improved from EUR 3.3 million to EUR 7.7 million. EBITDA for Europe rose
by 42.5% from EUR 9.4 million to EUR 13.4 million. EBITDA in the United States
improved from a loss of EUR 6.1 million to a loss of EUR 5.7 million.
The net loss amounted to EUR 9.5 million. (2001 EUR 7.3 million). This was due
chiefly to the high level of investments for the build-up of the American
databases.
Despite the growth in revenues in the first six months of 2002, Tele Atlas sees
no clear signs yet of a rapid economic recovery and therefore remains cautious
with regard to growth for the remainder of 2002. Nevertheless, the company
expects to grow its market share in both Europe and North America in the medium
term thanks to new and enhanced partnerships in location based services and
navigation.
‘s-Hertogenbosch, 6. August 2002
For further information, please contact:
Jasper Vredegoor, investor relations manager Tele Atlas
Mobile: +32 (479) 659487
Telephone: +32 (9) 244 8706
Telefax: +32 (9) 222 7412
E-mail: jasper.vredegoor@teleatlas.com
Website: http://www.teleatlas.com
end of ad-hoc-announcement (c)DGAP 06.08.2002
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WKN: 927101; ISIN: NL0000233948; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München, Stuttgart
060800 Aug 02
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