Trading update AND International Publishers NV
(Thomson Reuters ONE) -
AND realized a profit in the first four months of 2015 and is on schedule to
substantially expand its digital maps
Capelle aan den IJssel, 12 May 2015 - AND International Publishers NV realized a
profit in the first four months of 2015. Revenue and profit decreased compared
to the same period in 2014. The development of the high quality premium
navigation map of North-America will be completed in the third quarter. The
navigation map of the United States will already be available in the second
quarter.
AND Chief Executive Officer Hugo van der Linde: "Again during the first four
month of 2015 AND realized a profit. AND expects the enriched navigation map of
North-America to be completed within a couple of months."
Course of events
During the first four months AND further invested in the development of a high
quality premium navigation map of North-America. The upgrade and enrichment
program which started in 2014 is in an advanced stage and will be completed in
the third quarter of 2015. The navigation map of the United States will already
be available in the second quarter. The coverage of navigation maps from AND
will be more than doubled.
In addition AND has executed several customized services and concluded license
agreements. For example, together with its client Barloworld Supply Chain
Software, part of Barloworld (BAW.JSE), AND has delivered a map in the format of
Barloworld. This map can be connected without further editing with the software
from Barloworld. As a consequence Barloworld is saving time and costs for
development. With the software from Barloworld optimal routes are calculated by
which costs and CO2 emission can be limited.
Within another project AND worked together with Ordina and the Dutch
Inspectorate of Education to support the search function for their website by
using accurate geocodes from schools.
Also AND executed customized services for which AND accepted full
confidentiality with regard to client, content and financials and as such cannot
provide further information.
Revenue decreased significantly during the first four months of 2015 compared to
the same period in 2014. Revenue from the contract for the creation of the
navigation map of North-America contributed substantially to the revenue
realized.
As a result of the development of the navigation map of North-America AND's
operating expenses increased considerably. Costs spent on this development were
capitalized and represent an important part of AND's total operating expenses.
As a result net operating expenses decreased strongly compared to 2014. AND
realized a profit in the first four months of 2015. Net profit showed a marked
decrease compared to the same period in 2014.
As reported earlier AND currently investigates opportunities to enter the
automotive market and further expand its digital map coverage.
Outlook for 2015
The economic conditions, market developments and business models in the market
for digital maps are still highly uncertain. The results will depend among
others on the strength of economic recovery, the developments in the market for
navigation and location-based services. Also AND is still highly dependent on a
few large customers and new orders to be acquired. In the course of 2015 AND
expects to complete the enriched map of North-America and to execute test and
pilot projects with prospects and therefore expects a more substantial
contribution to its revenues from this enriched map no earlier than 2016. AND is
positive regarding new opportunities within the current fast changing technology
and market developments.
AND expects to realize a profit during the first half of 2015, but expects
revenue and profit to be lower compared to same period in the previous year. AND
is positive about the second half of 2015 but does not provide a financial
outlook for 2015.
Strategy
AND is the independent company in the global map market for digital maps for
location based services. This offers opportunities and AND will continue to
improve and extend its existing maps more effectively. In addition AND will
increase its added value by offering its maps and data as customized services.
The qualifications used in this press release are based on the terminology from
the scale of Mock
This is a translation of the Dutch press release. In the event of any
discrepancy, the Dutch version will prevail.
For more information
Contact: Hugo van der Linde, Tel. +31 (0)10 8851200, or check www.and.com.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1920680]
Unternehmensinformation / Kurzprofil:
Datum: 12.05.2015 - 07:01 Uhr
Sprache: Deutsch
News-ID 392403
Anzahl Zeichen: 5738
contact information:
Town:
Rotterdam
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 158 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Trading update AND International Publishers NV"
steht unter der journalistisch-redaktionellen Verantwortung von
AND International Publishers (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
