AND SHARES RETIRE FROM SPECIAL COMPARTMENT NYSE EURONEXT
Financially sound mapmaker makes strong start in 2009
Rotterdam, 20 May 2009 - AND International Publishers N.V. announces
that as of today, May 20, the company will leave the special
compartment ('penalty box') of NYSE Euronext Amsterdam. The mapmaker
takes this important step as AND has a strong solvability and a very
positive sales and profit outlook.
Today, Chief Executive Officer of AND, Maarten Oldenhof rings the
NYSE Euronext Amsterdam opening bell. "This is an important day for
AND. We have always stayed the course and believed in our vision on
the market. This year we have proven once more that our vision is the
right one, which is good news for our employees, shareholders and
clients.'
In February 2001 the AND shares were put in the special compartment
of NYSE Euronext because the company filed for chapter eleven.
Trading update
AND has recently signed an important license agreement with a large
US company for the use of its maps of Western Europe. Revenue has
more than doubled in the first four months of 2009, while AND's
profit has more than tripled in this period, compared to the same
period in 2008.
The company reiterates its full year outlook. AND expects sales to
triple and profit to increase five-fold in 2009. Earnings per share
in 2009 will grow to around ¤ 2.00 (¤ 0,41 in 2008).
Chief executive Officer Maarten Oldenhof states 'the company has made
a positive start in 2009. Recent developments strengthen our belief
that AND - being the only independent party in the mapmaking sector -
will continue to play a key role in of the online market for
location-based services.'
AND is the third largest supplier in its market, but the only
independent one. Strengthened by its success to date, the company
will continue to focus on creating long-term value for shareholders
by providing digital maps for location-based services. Also, through
the newly signed contract, the company is able to accelerate further
development of its advanced database and so position itself even more
effectively in the market. The required investments can be financed
entirely from the company's own capital.
For more information
Contact: Maarten Oldenhof (CEO), tel.: +31 10 8851200 or check
www.and.com
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.