Small first quarter for Tele Atlas



Tele Atlas revenue
Tele Atlas revenue
Tele Atlas' revenues for the first quarter of 2007 increased by 13% to €64.0 million compared to €56.5 million in the same period last year (in comparison Navteq's revenue increased 31%).

Revenues grew 16% after adjusting for a €1.8 million effect of currency exchange rate changes. EMEA (Europe, Middle East & Africa) revenues for the quarter increased by 13% over the prior year to €44.4 million as a result of growth in the personal navigation segment. Americas revenues for the first quarter increased 8% from the prior year to €18.0 million, primarily due to increases in the automotive and personal navigation segments. Americas revenues grew 19% after adjusting for the effect of currency exchange rates changes.

Personal Navigation
During the first quarter of 2007, worldwide revenues in the personal navigation segment increased by 56% over the same period in the prior year to €32.2 million. These 2007 first quarter revenues represent map license fees on 2.2 million personal navigation units as compared to 1.2 million units in the same quarter of the previous year.

EMEA personal navigation revenues for the quarter were €27.2 million, an increase of 47% over the same period last year. Americas personal navigation revenues were €5.0 million, an increase of 161% over the same period last year.

Automotive Navigation
Worldwide revenues in the automotive navigation segment decreased by 8% to €11.5 million or approximately 1.0 million compared to the same period last year. Worldwide, the number of map licenses sold by Tele Atlas in the automotive segment grew 8% to over 0.5 million units compared to the same period last year. EMEA revenue in this segment was €8.3 million, a 21% or €2.2 million decrease from the same period in the prior year. Americas automotive navigation revenue increased by 70% to €2.8 million, resulting principally from growing sales to DENSO for General Motors.

Enterprise and Government
First quarter revenue for the enterprise and government sectors (business-to-business) decreased 14% to €11.4 million from €13.3 million during the same period last year, mainly as a result of the Euro impact of changes in exchange rates. Americas revenue in this segment decreased by 11% to €9.4 million compared to last year due to these changes in exchange rates. EMEA revenue in this segment was €2.1 million compared to €2.7 million in the same quarter last year.

Data Products Navigation
Revenues during the quarter from automotive navigation data products, a segment that today exists primarily in EMEA, decreased by 26% to €4.3 million compared to €5.9 million the same period last year due to reduced demand for map updates for older CD based systems.

Other Segments
Revenue in the other segments, consisting of Internet and consumer wireless markets, increased by 8% to €4.5 million compared to €4.2 million during the same period last year.


Friday, May 4th 2007

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