Rotterdam, 14 November 2013
- AND realized a profit in the first nine months of 2013. Revenue
and profit decreased modestly compared to 2012. Based on the
realized results AND maintains its expectations of a minimum
revenue of more than € 4 million for 2013 as mentioned in its half
year report. AND will close 2013 profitable.
AND Chief Executive Office Hugo van der Linde: "We
are satisfied with the course of 2013. Again we continue a healthy
revenue and profitability. We also advanced well in maintaining and
enriching our digital maps through our new technology location
services and capabilities."
Course of
events
In the third quarter our services for the AND LBS Platform
(Location Based Services) have been further developed. A track and
trace module is now available. This module consists of a mapping
API and accurate (reverse) geocoding solution based on the AND
maps.
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.
In addition we developed a custom made solution
based on the AND LBS Platform for an international provider of
mobile phones
AND made further progress with the use of traces
for the purpose of maintaining and enriching its digital maps. AND
currently investigates how to improve and enrich its current maps
even more ambitiously.
Financial
AND realized a profit in the first nine months of 2013. Revenue and
profit decreased modestly compared to 2012.
The third quarter of 2013 revenue showed a limited
increase compared to 2012. As a result the 2012 third quarter loss
decreased considerably in 2013.
Strategy
AND is the only independent company in the global map market for
digital maps for location based services. This still offers
opportunities and AND will continue to improve and update its
existing maps more effectively. In addition AND will increase its
added value by offering its maps and data as customized
services.
Outlook for
2013
The economic conditions, market developments and business models in
the market for digital maps are still highly uncertain. The results
in 2013 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.
Based on the realized results AND maintains its
expectations pronounced in its half yearly report of a minimum
revenue of more than € 4 million for 2013. AND will close 2013
profitable.
_________________________________________________________________
Note for editor, not for publication:
For further information please
contact Hugo van der Linde on 0031-10-8851200 or go to
www.and.com
This is an
English translation of the Dutch press release. In the event of any
disparity between the Dutch original and this translation, the
Dutch text 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
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