TeleAtlas Earnings up 43%
In the rolling tide of positive earnings, TeleAtlas is keeping step with everyone else and reported great earnings for the fourth quarter, a 43% increase to €82.8 million. This was driven by Ongoing strong personal navigation revenue growth in 2006 of 104% over the prior year. Wireless navigation accelerated with new partnerships... looks like 2007 is going to be a good year for mobile phone nav!
Alain De Taeye, Chief Executive Officer, says: “This was an excellent year for us, with strong growth in revenue and Adjusted EBITDA. We signed important strategic partnerships, expanded the Company’s global footprint, launched our next generation database and secured growth in both traditional and emerging map markets. We remain focused on providing the best digital maps and the most useful local search content that helps navigation system and location-based solutions users find the people, places and products most important in their daily lives.”
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Posted by Scott Martin at March 5, 2007 6:07 AM
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