AND International Publishers NV: Report on the first six months of 2013
(Thomson Reuters ONE) -
AND realizes profit in first half of 2013 - financial year 2013 will be
profitable
* Revenue for first half of 2013 ? 3.2 million compared to ? 3.4 million in
first half of 2012
* Profit first half of 2013 ? 1.8 million compared to ? 1.9 million in first
half of 2012
* Profit per share first half of 2013 ? 0.49 compared to ? 0.51 per share in
first half of 20112
* Strong cash position of ? 4.9 million at the end of June 2013
Rotterdam, 9 August 2013 - AND International Publishers NV realized a profit of
? 1.8 million and revenue of ? 3.2 million in the first half of 2013. Earnings
per share amounted to ? 0.49. Based on the results in the first half of 2013 AND
expects revenue throughout 2013 will increase to at least more than ? 4 million.
The financial year 2013 will be profitable.
AND CEO Hugo van der Linde: "We are excited with the progress in the first half
of 2013. This year we maintained our healthy revenue and profitability. We also
advanced well in building and delivering our new location technology services in
addition to our digital maps."
Course of events for the first half of 2013
During the first quarter AND worked on the AND LBS Platform. Early April AND
launched this platform for worldwide location based services (LBS). AND provides
all core geospatial technology necessary to power scalable, global LBS services
including geocoding, single-line local search, routing and customized maps, with
developer APIs available for all mobile platforms. Already we run various pilots
on this platform for potential customers with promising results. This platform
fits within the strategy to add geo-intelligence to business processes of
customers by using technologically advanced custom solutions.
Furthermore AND received several orders to build custom solutions based on the
rich local data from OpenStreetMap combined with AND proprietary content and
technology.
In May an important agreement was signed with an established party in the
navigation sector for the use of digital maps of AND. This agreement contributed
substantially to the revenue in the first half of 2013.
Based on mandatory laws and regulations AND has announced in May that a third
party contacted AND for exploratory talks about a cooperation. AND is of the
opinion that a cooperation with this party would not add sufficient value to
AND's future perspective and for that reason AND decided to cease talks with
this party.
Financial position
Revenue decreased slightly from ? 3.4 million to ? 3.2 million. The contract
signed in May has contributed substantially to the revenue of the first half of
the year.
Total operating expenses decreased from ? 1.5 million to ? 1.4 million.
The cash position is further reinforced. Net cash flow amounted ? 0.7 million
resulting in a total balance of cash and cash equivalents of ? 4.9 million.
Shareholders' equity of ? 11.4 million amounts 79% of total assets. As in
previous years AND has no bank debts.
Strategy
AND is the only independent company in the global map market for digital maps
for location based services. This still offers opportunities and AND will
continue to improve and update its existing maps more effectively. In addition
AND will increase its added value by offering its maps and data as customized
services. Its enriched database, combined with the often branch and industry
specific customized services provides AND the leverage for further growth.
Outlook for 2013
The economic conditions, market developments and business models in the market
for digital maps are still highly uncertain. Also, the new strategy towards
providing customized solutions still needs to further prove itself in 2013. The
results in 2013 will depend among others on the strength of economic recovery,
the developments in the market for navigation and location-based services and
the successful implementation of AND's new direction.
Based on the results for the first half of 2013 AND expects that the revenue for
the full year 2013 will increase to at least more than ? 4 million (2012: ? 4.5
million). The financial year 2013 will be profitable.
Risks
For a detailed description of the risk factors that apply to AND International
Publishers NV and its subsidiaries, you are referred to page 12 and 13 of the
annual report for 2012.
Declaration from the Board of Directors
The Board of Directors hereby declares that, to the best of their knowledge:
* the consolidated, interim financial report, which have been prepared on the
basis of IAS 34, Interim financial reporting, give a true and fair view of
the assets, liabilities, financial position and the result of AND
International Publishers NV and the companies included in the consolidation
as a whole; and
* the half year report from the Board of Directors includes a fair review of
the information required pursuant to section 5:25d, subsection 8 and 9 of
the Dutch Financial Markets Supervision Act (Wet op het financieel toezicht)
Rotterdam, 9 August 2013
CEO
H.F. van der Linde
_________________________________________________________________
Note for editor, not for publication:
For further information please contact Hugo van der Linde on 0031-10-8851200 or
go to www.and.com
This is an English translation of the Dutch press release. In the event of any
disparity between the Dutch original and this translation, the Dutch text will
prevail.
For full press release including financial statements click this link:
http://hugin.info/132841/R/1722131/573687.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: AND International Publishers via Thomson Reuters ONE
[HUG#1722131]
Unternehmensinformation / Kurzprofil:
Datum: 09.08.2013 - 07:21 Uhr
Sprache: Deutsch
News-ID 286307
Anzahl Zeichen: 6796
contact information:
Town:
Rotterdam
Kategorie:
Business News
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