AND Raises Turnover and Profit Targets for 2010

AND Raises Turnover and Profit Targets for 2010
Dutch Digital map maker AND today updated the market about its performance indicating that it experienced a good third quarter 2010, leading to an increase of the turnover target for entire 2010 to at least € 6.9 million, from an earlier expectation of at least € 6.7 million. Net profit is expected to be at least € 2.4 million for 2010, from an earlier € 2.3 million expectation.

In 2009 AND realized a turnover of € 5.0 million and a € 1.5 million net profit.

The third quarter was strengthened by the signing of a contract with CosmicNavigation, a PND software maker especially active in the Benelux maarket. This navigation company now has access to all Navigation Maps of AND. CosmicNavigation will use AND's maps of Western Europe with specific Points of Interest for navigation, route planning and location information.

The cooperation with Navmii, which started in the spring of 2010, has also been intensified. Up till now the Navmii applications featuring AND maps have been downloaded over 150,000 times.

Thursday, November 18th 2010

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