Tele Atlas N.V.
Tele Atlas N.V.: Record revenue for quarter ended June 30, 2005
Ad hoc announcement §15 WpHG
Tele Atlas reports record revenue
Tele Atlas N.V.: Record revenue for quarter ended June 30, 2005
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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– Worldwide revenue up 58% for quarter
– Adjusted EBITDA profit of EUR7.2 million for the quarter
– Expected revenues for 2005 approximately EUR185 million due to continued
growth in navigation sales
Tele Atlas, a worldwide leading provider of digital map data and location
content, generated revenues of EUR51.3 million in the second quarter of 2005
compared to EUR32.4 million in the second quarter of 2004, an increase of 58%.
Again the strong growth in the personal and in-car navigation segments were
the main drivers behind the growth. European revenues for the quarter rose by
32% to EUR37.0 million from EUR28.0 million for the same period in 2004. North
American revenues for the second quarter were EUR14.3 million compared to
EUR4.4 million for the same period in 2004, primarily the result of the
acquisition of Geographic Data Technologies Inc (“GDT”) in July 2004.
Tele Atlas Group’s overall operating result before capitalization,
depreciation, amortization and employee stock option expense (Adjusted
EBITDA¹) for the second quarter of 2005 improved to a profit of EUR7.2
million, compared with a loss of EUR1.3 million during the same period in
2004. EBITDA from European operations for the second quarter increased to
EUR8.9 million in 2005 from EUR7.7 million in 2004 as a result of increased
sales revenues. The Adjusted EBITDA loss in North America decreased to EUR1.7
million in 2005 from a loss of EUR9.0 million in 2004.
Net cash outflow from operating activities for the quarter was EUR6.8 million
compared to
EUR13.2 million in 2004. Items affecting cash flow were the improvement in
Adjusted EBITDA and increased working capital for the second quarter of 2005.
Prospects
The company expects the revenues for the second half of the year to be up at
least 20% over the prior year. As a result Tele Atlas now expects revenue for
2005 to be approximately EUR185 million versus its original expectation of
EUR160 million. The company also plans to increase its spending slightly from
current levels during the second half of the year as a result of its retail
program in North America and the aggressive roll out of mobile mapping in
North America.
¹) In Tele Atlas’ view, Adjusted EBITDA provides a better representation of
the Company’s results than operating income.
Jasper Vredegoor, Investor Relations
Tel.: +31 (73) 6402175, jasper.vredegoor@telatlas.com
TELE ATLAS N.V.
Reitscheweg 7F
NL-5232 BX `s-Hertogenbosch
Netherlands
ISIN: NL0000233948
WKN: 927101
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
End of ad hoc announcement (c)DGAP 09.08.2005
090831 Aug 05
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