Tele Atlas Q1 earnings at low end of expectations, reiterates guidance |
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Published
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Thu, 03 May 2007 07:08
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AMSTERDAM (Thomson Financial) - Tele Atlas NV reported first-quarter earnings which came in at the low end of expectations, while the maker of digital navigation maps reiterated its earlier full-year outlook.Sales came in at 64 mln eur, up from 56.5 mln a year ago and at the low end of analyst expectations, while adjusted EBITDA was 5.1 mln eur, up from 4.3 mln but at the low end of the 5.1-7.4 mln eur range expected.The net loss was 8.4 mln eur compared with a net loss of 11 mln a year ago but still worse than the 7.4-8.2 mln eur forecast by analysts.Tele Atlas reiterated its 2007 outlook of 315 mln eur in sales, an adjusted EBITDA of 65 mln eur and an operating loss of 3 mln eur.kaj.leers@thomson.comkel/jsaCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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Tele Atlas wins contract from Garmin to provide maps for Malaysia, Singapore 