AND International Publishers NV 2016 Results

AND realizes higher revenue in 2016

AND proposes dividend payment again

in millions of euros (except for figures per share)	2016	2015
Revenue	7.3	6.0
Operating profit excluding one-off impairment reversal	3.5	2.9
One-off impairment reversal	-	2.5
Operating profit after one-off impairment reversal	3.5	5.4
Net profit	2.8	5.1
Cash balance	6.9	4.5
Proposed dividend per share	0.15	0.15
Earnings per share	0.75	1.36

Capelle aan den IJssel, the Netherlands - 16 March 2017 - The revenues of AND International Publishers NV increased by 22% in 2016, to €7.3 million. Operating profit (excluding the one-off impairment reversal of €2.5 million recognised in 2015) increased 21% to a level of €3.5 million. Earnings per share came in at €0.75 compared with €1.36 in 2015. AND proposes to pay shareholders a dividend of €0.15 per share.

AND Chief Executive Officer Hugo van der Linde: "I am excited that in 2016 we again managed to grow revenues and achieved strong results. At the same time, we strengthened our presence in North America and continued to invest in new initiatives within the automotive sector around autonomous driving."

Course of events 2016
In January the production of the high quality premium navigation map of Canada was completed. This completes the upgrade and enrichment program for high quality premium navigation maps of North America. AND more than doubled the coverage of AND's navigation maps.

In February, AND entered into a material agreement to license mapping data with one of the largest European internet companies. The license agreement includes AND's worldwide digital maps.

In April, AND announced a licensing agreement with CycloMedia. This empowers AND's capability to deploy data generated by cars in its digital maps. In 2016 AND started a pilot project. This step enhances AND's growth prospects in the automotive sector, which is on the brink of new developments driven by technology and an important user of digital maps.