AND’s 2015 revenue and profits boosted by investments in digital mapping
AND already locks in marked increase of revenue in 2016
Capelle aan den IJssel, the Netherlands – 17 March 2016 – The revenues of AND International Publishers NV increased by 24% in 2015, to €6.0 million. Net profit, excluding the reversal of part of the impairment loss which was charged to income in 2011, rose to €3.2 million, compared with €2.6 million in the preceding year. Earnings per share, including the reversal of the impairment loss, came in at €1.36 compared with €0.69 in 2014. AND is profiting from ongoing investments in its digital mapping, which have resulted in several large orders. As a result of current contracts AND has already locked in revenue which substantiates a marked growth rate of 2016 revenues compared with 2015. AND proposes shareholders to pay a dividend of €0.15 per share with the intention to pay dividend on a regular basis in the years ahead.
AND Chief Executive Officer Hugo van der Linde: “Over the past five years, AND has made targeted investments in the quality and range of its digital maps, resulting in a high-quality product and structural coverage of important regions like North America and Europe. This strategy proved its worth, with major players in the sector awarding us contracts that led to sales growth in 2015, and we shall continue to grow in 2016. AND’s robust financial position means that the company can fund the investments from its own resources while still intending to pay dividend to its shareholders on a regular basis. AND as an independent player is spotted by international companies because, as a flexible organisation, we are able to respond to the innovative requirements and expectations which customers have. Also the coming years we shall continue to invest in our digital mapping so as to expand our coverage and improve quality. To facilitate growth in the important American market, we shall be opening an office in the United States this year. This marks one more step in the growth of AND while continuing to pursue our prudent financial policy.”