Tele Atlas N.V.
Tele Atlas sales revenues up by 37% in the first three quarters
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Tele Atlas sales revenues up by 37% in the first three quarters
‘s-Hertogenbosch, November 10, 2004
Tele Atlas’ sales revenues for the first nine months of 2004 increased by 37%
to EUR 85.0 million as compared to EUR 62.1 million for the same period of
the previous year. Excluding the effect of the GDT acquisition, worldwide
revenues grew by 25%.
Revenues in Europe increased by 22% to EUR 68.6 million from EUR 56.1 million
during the same period in 2003. Revenues in North America in the first nine
months of 2004 increased significantly to EUR 16.4 million from EUR 6.1
million for the prior year. This sales increase is due to the acquisition of
GDT and initial sales of Tele Atlas’ North American data into the in-car
navigation market. Excluding the effect of the GDT acquisition, North American
revenues grew by 44%.
The Company’s EBITDA for the first nine months of 2004 improved to a loss of
EUR 19.8 million as compared to a loss of EUR 35.7 million for the same period
in 2003. The operating loss (EBIT) for the entire group for the first nine
months was reduced to EUR 8.3 million, compared to a loss of EUR 19.0 million
in the same period of the previous year. The net loss of Tele Atlas N.V.
during the first nine months of 2004 was EUR 11.5 million, compared with a net
loss for the same period in 2003 of EUR 20.0 million.
The integration of the Tele Atlas and GDT North American databases is
proceeding according to plan. The companies marketing, sales and
administrative functions were combined completely in the third quarter as were
the IT platforms from both companies.
Outlook
Tele Atlas revenues in the in-car navigation segment in North America are
still in their infancy. Tele Atlas currently has contracts with two major
system suppliers, DENSO and Pioneer, but these contracts and future contract
wins will have only limited immediate revenue impact due to long lead times.
Many of Tele Atlas’ successful European customers are entering the North
American market. In Europe the relationship with Becker is expected to expand.
Tele Atlas expects further rapid growth in personal navigation as the price of
dedicated personal navigation devices continues to decline.
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 10.11.2004
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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
100800 Nov 04
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