Trading update AND International Publishers NV
(Thomson Reuters ONE) -
Capelle aan den IJssel, the Netherlands - 12 November 2015 - AND International
Publishers NV realized a considerable increase in revenue and profit for the
first nine months of 2015. Based on realized results AND expects to realize
strong revenue growth and a comparable profit in 2015 compared to 2014. In
addition, AND has completed the upgrade and enrichment program for the United
States and expects to complete the navigation map of Canada in the fourth
quarter.
AND Chief Executive Officer Hugo van der Linde: "We are satisfied with the
course of events in the third quarter of 2015. The quarter closed positively and
the completion of the high quality premium turn-by-turn navigation map of the
United States has been a milestone for both AND and the market for digital maps.
This success was even more strengthened by our first license deal so soon after
this milestone."
Course of events
In the third quarter AND has entered into a material agreement to license
certain mapping data to a U.S.-based company. The signed contract will
contribute substantially to the revenue in 2015.
AND has finished the upgrade and enrichment program of a high quality premium
navigation map of the United States of America during the third quarter. The
coverage of navigation maps from AND has more than doubled. The first sample
data has been offered to interested parties and in October AND signed a contract
with one of the leading providers of worldwide planning solutions to supply the
high quality premium navigation map of the United States. This first customer
licensed AND's US map after extensive testing.
The upgrade and enrichment program of a high quality premium navigation of
North-America started in 2014. AND expects to complete the navigation map of
Canada in the fourth quarter which will complete the upgrade and enrichment
program for North-America.
Financial
AND realized a profit in the first nine months of 2015. Both revenue and profit
showed a considerable increase compared to the first nine months of 2014.
AND realized a strong third quarter with a sharp increase in both revenue and
profit. The signed contract with the U.S.-based company contributed
substantially to the revenue in. third quarter.
AND invested further in the development of the navigation maps of North-America
during the first nine months. AND has no bank debts, has a strong solvency and
a strong cash position.
Strategy
AND is the only 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. 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.
Based on realized results AND expects strong revenue growth for 2015 compared to
2014. AND expects to realize a profit in 2015 comparable to the realized profit
in 2014.
For more information
Contact: Hugo van der Linde, Tel. +31 (0)10 8851200, or check www.and.com.
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.
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#1966243]
Unternehmensinformation / Kurzprofil:
Datum: 12.11.2015 - 07:25 Uhr
Sprache: Deutsch
News-ID 433959
Anzahl Zeichen: 4837
contact information:
Town:
Capelle a/d Ijssel
Kategorie:
Business News
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