Trading update AND International Publishers NV
12 11월 2015 - 3:25PM
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 NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: AND International Publishers via
Globenewswire
HUG#1966243
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