SOURCE: AND International Publishers

February 10, 2011 02:09 ET

AND Trading update

ROTTERDAM, NETHERLANDS--(Marketwire - February 10, 2011) -

AND announces preliminary figures 2010

Commercial success in 2010: revenue up with 38% and net profit up with 60%

AND International Publishers NV announces higher revenues and net profit in 2010 as a result of commercial success from the sales of digital maps. Revenues in 2010 increased to EUR 6.9 million and net profit rose to EUR 2.4 million. The weighted average net earnings per share rose to EUR0.64. The company therefore maintains its previous outlook.

In 2009 AND realized a total revenue of EUR 5.0 million, EUR 1.5 million net profit and a weighted average net earnings per share of EUR 0.43.

In the last quarter of the year AND signed an agreement with NNG, a leading navigation solution provider for the automotive, personal and wireless navigation industries. NNG will offer the AND Navigation Maps of Western Europe in their iGO My way Navigation software. NNG sells private label PND and smartphone navigation products throughout Europe.

The partnership with Navmii has been further strengthened with the release of navigation for Austria, Finland, Norway and Portugal. The app has already been downloaded more than 200,000 times from iTunes for both iPhone and iPad.

End of 2010 AND introduced a fully geocoded Points of Interest (POI) database. The database consists of 2.5 million points and areas. The POI includes the physical address, name of the location, category and the geographic coordinates.

The financial position of AND continues to be very strong. The company had no bank debts at the end of 2010 and a rock solid equity base.

This press release is based on preliminary results and figures for the financial year 2010. The final audited results for 2010, including the profit and loss account, balance sheet and other financial data, will be announced before the Stock Exchange opens on 19 April 2011. The General Meeting of Shareholders will be on 17 May 2011 in Rotterdam.

Outlook for 2011

The economic climate, market developments and business models are all very uncertain in the market for digital maps. The development of the results in 2011 will depend on the strength of the economic recovery and developments in the market for navigation and location based services. Therefore, AND is not in the position to provide an outlook for the full year 2011.

AND provides digital maps for location-based services and is the only independent company in the global mapping market. The company focuses on the further development of its advanced digital maps to position itself even more effectively in the market.

No audit has been applied by our accountant on the financial information presented in this press release.

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 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


Contact Information

  • For more information

    Maarten Oldenhof
    Tel.: +31 10 8851200