Final full year figures 2013 AND International Publishers NV
11 Mars 2014 - 7:32AM
AND achieves positive and strong results for
2013
in millions of euro (except amounts per
share) |
2013 |
2012 |
Revenue |
4.3 |
4.5 |
Operating result |
1.2 |
1.7 |
Net result |
1.2 |
1.8 |
Cash position |
5.5 |
4.2 |
Earnings per share |
0.33 |
0.47 |
Rotterdam, 11 March 2014 - AND International Publishers NV achieved
positive and strong results for 2013. AND realized a revenue of € €
4.3 million and a profit of € 1.2 million. Earnings per share
amounted to € 0.33 compared to € 0.47 in 2012.
AND Chief
Executive Officer Hugo van der Linde: "Like 2012
AND achieved positive and strong results in the financial year. In
2013 a net margin of almost 30% was achieved. These results have
further strengthened our cash position. AND has a strong cash
position of € 5.5 million at the end of 2013, forming a solid
foundation to invest in the future development of
AND."
Course of
events in 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. 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.
In the third
quarter we continued development of our services for the AND LBS
Platform (Location Based Services). A track and trace solutions
module is now available. This module consists of a mapping API and
accurate (reverse) geocoding solution based on the AND
maps.
In addition
we developed a custom made solution based on the AND LBS platform
for an international provider of mobile phones.
Two
solutions for OpenStreetMap for Professional use have been
developed. A geocoding and routing solution. The AND map is used as
a separate layer to make OpenStreetMap suitable for professional
use.
AND made
further progress with the use of traces for the purpose of
maintaining and enriching its digital maps. AND currently
investigates how to enrich and extent its current maps even more
ambitiously.
Financial
position
Revenue
decreased to € 4.3 million, a slight decrease of 4% compared to
2012.
Total
operating expenses increased with 12% to a total of € 3.1
million.
This
increase results mainly from an increase of share based
compensation and amortization of intangible assets. However costs
related to maps and sources and personnel expenses remained stable
compared to 2012.
Thanks to
the achieved results total assets increased by € 0.7 million to €
13.4 million in 2013. As in 2012 AND has no bank debts. By the end
of 2013 shareholders' equity amounted to around 80% of total
assets.
In 2013 the
cash position was further strengthened. The balance of cash and
cash equivalents increased by € 1.2 million to € 5.5
million.
Market
trends
In recent
years the sales and margins of PND players have come under strong
pressure. The sales numbers in both the market in Europe and the
United States have fallen. This downward trend continued unabated
in 2013. This is partly due to the strong continuing growth of
smartphones with GPS by which a mass market for location-based
services has arisen. There are many applications for smartphones
developed in which a map is an additional feature. Also free
navigation and location-based services are available. With the
advent of free location services also the awareness among companies
about the importance of location within their business processes
has increased enormously. This provides opportunities for AND to
sell more digital maps as well as location intelligence services
through the AND LBS Platform.
Strategy
AND is the independent company in the global map market for
digital maps for location based services. This continues to offer
opportunities and AND will therefore further improve and update its
existing maps more effectively. In addition AND focuses on
increasing its value by offering maps and data as part of
customized services. AND's enriched database, combined with sector
and industry specific customized services, provides AND the
leverage for further growth.
Outlook for
2014
The year 2013
was a good year again for AND. Despite the progress made, the
economic conditions, market developments and business models in the
market for digital maps are still highly uncertain. The results in
2014 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.
AND expects 2014 to be profitable again.
Risks
For a
detailed description of the risk factors that apply to AND
International Publishers NV and its subsidiaries, you are referred
to the annual report for 2013.
The Annual
General Shareholders' Meeting takes place at 25 April 2014 in
Rotterdam. For a detailed explanation of the figures reference is
made to the financial statements of 2013 on
www.and.com.
Rotterdam,
11 March 2014
CEO
H.F. van der
Linde
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.
The final figures for 2013 in
this press release have been audited
For full press release including
financial statements click this link
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#1767709
Andrea Electronics (AMEX:AND)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024
Andrea Electronics (AMEX:AND)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024