Teleatlas 2006 earnings: €264.3 million, up 32%



Teleatlas 2006 earnings: €264.3 million, up 32%
Teleatlas revealed yesterday the highlights of the full year 2006 and fourth quarter 2006:

• Full year revenues increased to a record €264.3 million, up 32% over 2005 and 107% over 2004.

• Full year Adjusted EBITDA increased to a record €43.8 million, up from €14.7 million in 2005 and a loss of €22.5 million in 2004.

• Fourth quarter revenues increased 43% over the prior year to a record €82.8 million.

• Fourth quarter Adjusted EBITDA increased 331% over the prior year to a record of €21.0 million.

• Ongoing strong personal navigation revenue growth in 2006 of 104% over the prior year.

• Wireless navigation accelerated with several key new partnerships.

• Outlook for 2007: Revenues increasing to approximately €315 million and Adjusted EBITDA to approximately €65 million.

Friday, March 2nd 2007

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