Tele Atlas N.V.
TELE ATLAS reports strong quarter
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Strong second quarter for Tele Atlas
-Year on year revenue growth first 6 months 30%
-GDT acquisition and USD 210 million financing closed
-New Management Team and Supervisory Board appointed
-Net loss significantly reduced
Tele Atlas, one of the leading companies in the development, production and sale
of geographic databases, generated revenues of EUR 52.6 million in the first
six months of 2004, compared to EUR 40.6 million in the first six months of the
previous year, an increase of 30%. European revenues increased by 28% to EUR
46.8 million from EUR 36.4 million. North American revenues grew by 41% to EUR
5.8 mio from EUR 4.1 mio in the previous year. Revenue growth came from an
increase in sales in the navigation segment, due to the introduction of new
systems by Blaupunkt (Europe) and Pioneer (Europe and North America), as well as
continued growth in the European personal navigation segment.
The EBITDA loss before capitalization for the first six months of 2004 improved
to EUR -10.7 million compared with EUR -25.2 million in the same period in 2003.
The operating loss (EBIT) for the first six months was reduced to EUR 3.8
million, compared to a EUR 13.6 million loss in the same period of the previous
year. The net loss of Tele Atlas during the first six months of 2004 improved to
EUR 5.9 million, compared with a net loss for the same period in 2003 of EUR
14.3 million.
Outlook
Tele Atlas views these results as very promising. With the car navigation market
projected to develop in line with the increasing penetration of navigation
systems in cars, Tele Atlas expects continued growth in this segment. In
addition the personal navigation segment continues to exhibit strong growth.
In North America, the positive results from the launch of our data with the
Pioneer system are also promising. The closing of the GDT transaction greatly
strengthens the Company’s position in North America.
For further information, please contact:
Jasper Vredegoor, Tele Atlas Investor Relations manager
Tel.:+31 (73) 640 21 70
Fax:+31 (73) 640 21 22
investor.relations@teleatlas.com
end of ad-hoc-announcement (c)DGAP 05.08.2004
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WKN: 927101; ISIN: NL0000233948; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
050730 Aug 04
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