Tele Atlas N.V.
Tele Atlas N.V. english
Tele Atlas: Solid growth in European activities in first nine months of 2003
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Tele Atlas, a global leader in the development of digital geographic databases,
realized revenues of EUR 62.1 million for the first nine months of 2003, an
increase of 9% on the comparable period of 2002. The growth was the outcome of a
sharp 16% rise in European revenues to EUR 56.1 million and an anticipated 33%
decline in North American revenues to EUR 6.1 million.
The group realized an operating loss (EBIT) for the first nine months of EUR 19
million (first nine months of 2002: EUR 15.6 million EBIT loss). The increase
was due chiefly to higher depreciation and amortization on capitalized
databases. The group as a whole realized a net loss of EUR 20 million (first
nine months of 2002: EUR 15.4 million).
In Europe, revenue for the first nine months increased from EUR 48.4 million in
2002 to EUR 56.1 million in 2003. Revenue in the Geographic Information Systems
(GIS) and Location Based Service (LBS) markets demonstrated strong growth thanks
to higher sales of navigation applications for PDAs. Since operating expenses
rose by just 4%, European EBITDA advanced 18% to EUR 24.0 million (first nine
months of 2002: EUR 20.4 million).
In North America, revenue for the nine month period was lower than in 2002,
chiefly because of the decline in a number of specific third-party services and
lower income from patents. The decline in these activities was in line with
expectations. As a result, the EBITDA loss in North America increased by EUR 3.0
million to EUR 12.5 million.
Outlook
In Europe, Tele Atlas expects further growth in EBITDA and EBIT in 2003.
Tele Atlas expects the revenue trend in North America to continue in line with
the first three quarters.
For further information, please consult:
www.teleatlas.com
end of ad-hoc-announcement (c)DGAP 11.11.2003
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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
110830 Nov 03
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