Tele Atlas N.V.
Tele Atlas continues along growth path
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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– Worldwide revenue growth in Q1 nearly 10%
– North America contract with Pioneer
– PDA market remains strong revenue driver
– Operating expenses reduced by 8%
– Net loss reduced by more than 20%
Tele Atlas, one of the leading companies in the development, production and sale
of geographic databases, generated revenues of EUR 20.3 million in the first
three months of 2004, compared to EUR 18.5 million in the first quarter of the
previous year, an increase of 9.7%. European revenues increased by 15% from EUR
16.4 million to EUR 18.8 million.
EBITDA for the first three months of 2004 improved significantly compared with
the same period in 2003 from EUR 2.5 million to EUR 3.9 million. EBITDA from
European operations rose to EUR 6.7 million in 2003 to EUR 8.3 million in 2004
as a result of increased sales revenues. The EBITDA-loss in North America
increased slightly from EUR 4.2 million in 2003 to EUR 4.4 million in 2004.
The operating loss (EBIT) for the quarter was reduced to EUR 5.3 million,
compared to a EUR 7.8 million loss in the same quarter of the previous year. The
net loss of Tele Atlas during the first three months of 2004 improved by more
than 20% to EUR 6.2 million, compared with a net loss for the same period in
2003 of EUR 7.9 million.
Outlook
Although the pace of economic recovery is still uncertain, the car navigation
market is projected to develop in line with the increasing penetration of
navigation systems in cars. In the first quarter our confidence in an ongoing
growth of the Personal Navigation market has been confirmed by positive
developments in that area. A new contract with Pioneer and the acquisition of
GDT strengthen our position in North America while a $210 million financing
ensures a financially sound company for the medium term that will allow Tele
Atlas to further develop its business.
For further information, please contact:
Tele Atlas Investor Relations
Tel.: +31 (73) 640 21 70
Fax: +31 (73) 640 21 22
investor.relations@telatlas.com
end of ad-hoc-announcement (c)DGAP 25.05.2004
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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
250836 Mai 04
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