Tele Atlas N.V.
Tele Atlas N.V.: improved operating results 2004
Ad hoc announcement §15 WpHG
Annual Results 2004
Tele Atlas N.V.: improved operating results 2004
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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‘s-Hertogenbosch, 15 March, 2005
– Revenues Tele Atlas 2004, EUR127.7 million, 48% growth over 2003
– Significant improvement in operating result to EUR-2.1 million from
EUR-85.7 million in 2003
– Successful acquisition and integration of GDT
– Increased global coverage
Tele Atlas, one of the world’s leading developers of detailed digital maps,
had revenues of EUR127.7 million for 2004, an increase of 48% over 2003.
European revenues rose by 26% to EUR98.7 million largely due to the rapid
growth in the Personal Navigation market. North American revenues increased by
261% to EUR29.0 million. Approximately EUR15.7 million of this increase was
the result of the acquisition of Geographic Data Technologies Inc (GDT) during
the year. Excluding the effect of the acquisition of GDT and exchange rates,
revenue growth in North America was 95% compared to 2003. This increase
resulted from increased sales in the Personal Navigation segment as well as
the Company’s initial revenues from sales in the North American In-Car
Navigation segment.
Total operating expenses excluding depreciation and amortization charges
increased from EUR132.0 million to EUR148.6 million, a growth of 13%. This
increase was mainly driven by the increase in sales and the acquisition of
GDT. Tele Atlas’ overall operating result before capitalization, depreciation
and amortization (EBITDA) was a loss of EUR21.0 million, representing an
improvement of EUR24.5 million compared to a loss of 45.5 million in 2003.
The net result was a loss of EUR0.4 million, a significant improvement on the
EUR87.3 million loss for 2003 which included an impairment charge of EUR62.0
million. The net cash outflow from operating activities improved from EUR 41.0
million in 2003 to EUR28.5 million in 2004.
Prospects
Management believes that Tele Atlas is well positioned for growth. In Europe,
Tele Atlas has contracts with all leading hardware manufacturers in both the
In-Car Navigation as well as the Personal Navigation markets. In North America
Tele Atlas strengthened its position through the GDT acquisition. Tele Atlas
partners such as TomTom, ViaMichelin, Navigon and Navman provide the company
with a leading position, which was strengthened by the Navigon account.
Jasper Vredegoor, Investor Relations
Tel.: +31 (73) 6402160
jasper.vredegoor@teleatlas.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 15.03.2005
150847 Mär 05
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