Tele Atlas reports record Eur 65 million revenue for third quarter 2006

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Algemeen advies 30/10/2006 07:52
TELE ATLAS REPORTS RECORD 65 MILLION REVENUE FOR THIRD QUARTER 2006
Revenue represents 29% increase from same quarter last year; quarterly highlights include new agreements in wireless segment, coverage expansion
s-Hertogenbosch, The Netherlands, 30 October 2006
Tele Atlas NV (FSE: TA6, EUNV: TA), a leading
global provider of digital maps and dynamic content for navigation and location based solutions, today reported results for the third quarter of 2006.
Third Quarter Highlights:
Revenues increased 29% to a record 65.0 million (Q3 2005: 50.5 million)
Record Adjusted EBITDA of 11.1 million (Q3 2005: 1.7 million)
Net loss increased to 17.8 million due in part to non-operating charges related to expansion of China activities. (Q3 2005: loss 9.8 million)
81% increase in personal navigation year over year showing continued strong growth in market
New agreements with Nokia to provide maps for Nokia N95, and RIM for BlackBerry Pearl
Expansion of presence in China with Changdi Youhao Mapping Technologies Co., Ltd. distribution agreement.

Alain De Taeye, Chief Executive Officer, said: These results confirm that Tele Atlas approach to deliver digital maps to multiple markets, including the wireless, personal navigation, Internet, automotive and enterprise/public sector segments is creating a solid foundation for the Company s growth. This
quarter, we signed important contracts in the wireless market with Nokia and Research in Motion (RIM) and in the PDA/personal navigation segment with Hewlett Packard (HP). We also expanded coverage in Europe and took a major step forward in Asia. The digital map that was once car centric is becoming user centric, and is now easily accessible to millions of personal navigation system and mobile phone users around the world. We re proud that Tele Atlas is at the very center of these trends.

Hardie Morgan, Chief Financial Officer, says: We had an outstanding third quarter and are on track to meet our full year guidance for revenue and EBITDA. The demand for our products is growing and we believe we continue to create a solid base for future growth.

Full Year Outlook
Previous 2006 full year guidance of approximately EUR. 250 million in revenues, Adjusted EBITDA of approximately 40 million and operating loss (EBIT) of approximately 33 million remain unchanged. These amounts exclude the impact of any acquisitions which may be completed in 2006. In the long term, our expectation remains that, barring unforeseen circumstances, we can grow revenues in excess of 20% on an annual basis for the next few years.
This outlook is based on current circumstances, business estimates and expectations of future market and business, and is subject to revision based upon unforeseen circumstances.



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