Tele Atlas N.V.
Tele Atlas N.V. english
Tele Atlas’s operating result boosted by European activities
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Tele Atlas’s operating result boosted by European activities
– Strong fourth quarter
– Positive operating result in Europe
– American database ready for market
– Significant new navigation contracts
– Strong position in Location Based Services
Tele Atlas, one of the world’s leading developers of detailed geographical
databases, realized revenues of EUR 78.3 million for 2002, an increase of
10% on 2001. EBITDA increased from EUR 4.6 million to EUR 17.0
million.
The operating result (EBIT) for the group was EUR 19.0 million negative,
an improvement of EUR 5.2 million in comparison with 2001. The
improvement was due principally to the successful growth of the
European activities while investments in North American operations are
ongoing. In Europe the EUR 6.5 million loss reported in 2001 was turned
into a EUR 4.5 million operating profit in 2002, the outcome of higher
revenues in combination with a lower cost base. Growth in Europe was
particularly strong in the fourth quarter, with fourth-quarter revenues rising
by 40% from EUR 13.3 million in 2001 to EUR 18.7 million in 2002. In the
same period, European EBITDA increased by 132% to EUR 10 million
compared to 2001.
The net result for the entire group amounted to EUR 18.6 million negative,
a modest improvement on the EUR 18.9 million loss for 2001. This is fully
attributable to North American operations which are still in the investment
phase.
For 2003, Tele Atlas expects a further increase in revenues and results,
although the economic situation makes the rate of growth uncertain.
‘s-Hertogenbosch, March 13, 2003
For further information please contact:
Jasper Vredegoor, Investor Relations Manager Tele Atlas
Mobile: +32 (479) 65 94 87
Telephone: +31 73 640 21 75
Telefax: +31 73 640 21 22
E-mail: jasper.vredegoor@teleatlas.com
Website: http://www.teleatlas.com
end of ad-hoc-announcement (c)DGAP 13.03.2003
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WKN: 927101; ISIN: NL0000233948; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin,
Düsseldorf, Hamburg, Hannover, München und Stuttgart
130759 Mär 03
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