Tid Bits from TeleAtlas 2007 Full Year Results
It’s all driven by the PND market for TeleAtlas right now…
Overall revenue increased 17%
• Six of the eight leading portable navigation device providers worldwide use Tele Atlas maps.
• PND growth 35% – 14.7 Million map units (bundled with PND sale).
• Map units in PND average selling price was just over 11 euro
• America’s PND revenue grew 136% year over year
• Wireless grew 66% on the backs of customer’s like Google, RIM, Mappy and Wayfinder
• Also helped by selection of Teleatlas to power Google Maps for mobile and Google Earth in Europe
• TomTom was largest customer representing 32% of revenue
• Automotive business saw declines in part due to loss of VW business, although picked up BMW business which should ship in 2008
• Expects 2008 revenue between 375 – 385 euro, versus 308 euro in 2007
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