Tele Atlas N.V.
Tele Atlas N.V.: Higher growth in first quarter 2005
Ad hoc announcement §15 WpHG
Three Months” Statement
Tele Atlas N.V.: Higher growth in first quarter 2005
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————
Tele Atlas reports higher growth in first quarter 2005
– Worldwide revenue growth: 99%
– Higher sales in personal and in-car navigation markets
– Personal navigation segment remains strong revenue driver
Tele Atlas, a worldwide leading provider of digital map data and location
content, generated revenues of EUR 40.4 million in the first three months of
2005 compared to EUR 20.3 million in the first quarter of 2004, an increase of
99%. European revenues rose by 47% to EUR27.8 million. Sales in the personal
navigation and in-car navigation segments, particularly in the bundled
segment, were higher, but sales of aftermarket data products were lower. North
American revenues increased significantly, up from EUR 1.5 million to
EUR 12.7 million, primarily the result of the acquisition of GDT in July 2004.
Tele Atlas Group”s overall operating result before capitalization,
depreciation, amortization and employee stock option expense (Adjusted
EBITDA¹) for the first three months of 2005 improved from a loss of EUR 9.4
million to a profit of EUR 0.6 million as a result of higher sales revenues.
After adjustment for the impact of the implementation of IFRS 2 and the
revised IAS 38, Tele Atlas” after tax net loss for the first three months of
2005 was EUR 9.7 million as compared to EUR 6.3 million for the same period
last year.
Net cash flow from operating activities during the first three months improved
to a EUR 19.3 million inflow compared to EUR 6.9 million outflow in the same
period of 2004 due to improvements in Adjusted EBITDA along with a reduction
in working capital requirements due to strong accounts receivable collections
including a EUR 10.0 million prepayment of map license fees by a customer.
Prospects
Management believes Tele Atlas is positioned well for growth in both Europe
and North America. The in-car navigation market continues to grow and the
personal navigation market is expanding very rapidly as the retail prices of
hardware are declining. The development of easy to use and easy to install
systems continues to attract an increasingly broad audience. Tele Atlas
expects rapid unit growth in this market during the year, which will be
partially offset by declines in map license unit prices. In North America, the
integration of Tele Atlas North America and GDT is proceeding as planned.
¹) Adjusted EBITDA is defined as revenues less cost of revenue, operating
expense excluding depreciation, amortization, capitalization and employee
stock option expense. This is the measure that the Company uses for evaluating
business unit performance as it feels it provides a better representation of
the Company”s results than operating income.
Jasper Vredegoor, Investor Relations
Tel.: +31 (73) 6402160
jasper.vredegoor@telatlas.com
TELE ATLAS N.V.
Reitscheweg 7F
NL-5232 BX `s-Hertogenbosch
Netherlands
ISIN: NL0000233948
WKN: 927101
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
End of ad hoc announcement (c)DGAP 04.05.2005
040829 Mai 05
Aktuelle News
Aktuelle Berichte
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden