Transics reports strong half-year results

68% revenue increase thanks to impressive growth in traditional as well as new markets

Ypres-based Transics, quoted on Eurolist by Euronext Brussels since June this year, today announced excellent trading results for the past year-half. Transics, one of the major European suppliers of on board computers and fleet management solutions, generated a record turnover of EUR 18.858k and passed the mark of 40,000 delivered on-board computers. With this result, the company largely meets analysts’ expectations.

Increasing market share in traditional and new markets

Transics closed the first six months of this year with total revenues amounting to EUR 18.858k, which is 68% up on the same period in 2006. The EBITDA amounts to EUR 5.797k, an impressive increase of 83% against the first year-half of 2006. The growth was concentrated both in the core markets of France and the Benelux (+56%) and in developing markets, such as Spain, Germany, the Scandinavian countries and central Europe (+231%), where it was boosted dramatically. In countries like Ireland, Slovenia and Slovakia, Transics welcomed its first-ever customers. This expansion has resulted in a new milestone: Transics passed the 40,000-units-delivered mark.

Investing in sustained growth

To drive its international expansion, the Ypres-based expert in fleet management solutions has made significant investments in sales & marketing. This has led to higher operating expenses: up 51% compared to the first six months of last year (+61% for sales & marketing). Operating expenses, however, rose less quickly than revenues, thanks to good cost management and efficiency gains.

IPO, acquisition and bolstered management team

That Transics resolutely chooses growth is also clearly visible in the strategic decisions the company took over the first six months of 2007. Since the 14th of June, the Transics shares have been listed on the Eurolist segment of Euronext Brussels. On the 2nd of April, Transics acquired the French company Delta Industrie Service (DIS), a leading supplier of innovative solutions for tacho-based driving time registration. In addition, the management team was reinforced with the arrival of a COO, Gertjan De Creus.

Good prospects

Expectations are that Transics’ investments in further European expansion will also bear fruit in the second year-half. Forecasts for fiscal year 2007 indicate a revenue growth of over 60% against the past financial year.

Transics International develops and commercializes on board fleet management systems (on board computers, software and services) for the transport and logistics sector. With an installed base of over 40,000 on board computers, Transics is one of the leading European players in its sector. Headquartered in Ypres (Belgium), Transics has regional offices in the Netherlands, France, Germany and Spain, is active in Scandinavia and is permanently expanding its European organisation. In 2006, Transics began a strategy to gain a foothold in Central Europe. At the start of 2007, the company acquired sector partner DIS, a specialist in IT solutions for driving time registration based on tachographs. With this takeover, Transics is again extending its product offering.

Tele Atlas signs three-year contract with fleet management specialist Transics

Tele Atlas and Transics will work together on navigation for trucks in high-end fleet management solutions for Europe

Tele Atlas (FSE: TA6, EUNV: TA), a leading global provider of digital maps and dynamic content for navigation and location-based solutions, has signed a three-year contract to provide digital map data for navigation to Transics, a leading European fleet management specialist that develops and commercializes on board computers, software and fleet management solutions for the transport and logistics sector.

The two companies will work closely together at developing Best-in-Class fleet management solutions, by implementing the Tele Atlas European Logistics product. Headquartered in Ypres, Belgium, Transics is one of the largest companies in its sector. At the same time as signing the contract with Tele Atlas, Transics emphasized its market presence by celebrating an installed base of more than 40,000 on board computers with over 800 transport companies. Transics is active in Benelux, France, Germany, Spain, Scandinavia, Poland and the Czech Republic and is continuously expanding its sales network throughout Europe.

“We chose Tele Atlas because they offer a clear, open relationship in which we can work together on the technical opportunities and developments with map data,” says Walter Mastelinck, CEO at Transics. “Tele Atlas is a company that is keen to keep learning and improving as the technology evolves. It has a highly motivated team that is developing its mapping database in a structured manner, with high quality and accuracy.”

“We are delighted to join Transics in contributing genuine benefits for this important sector of the navigation market,” says Jack Reinelt, Managing Director of Tele Atlas EMEA. “With the high and rising level of road freight, efficient fleet management is crucial in improving efficiency, increasing safety and reducing congestion. The Tele Atlas team is keen to make a difference in fleet management through the potential of this partnership.”
Tele Atlas map data features the Transics Quattro on board computer. The routing software for this application is being supplied by BeNomad, a Tele Atlas partner based in France.

Transics Quattro on board computer is part of a complete fleet management solution that offers computing, information and communication between driver and dispatcher, including text and alarm messaging next to the automatic registration of various trip data such as driving and resting times, speed, rpm, driving style and positioning of the driver. Transics uses an open technology platform for easy integration with third party peripherals such as the CAN bus, bar code readers and temperature control systems and is interoperable with GPRS the most reliable mobile network data communication service currently available.

About Tele Atlas

Tele Atlas delivers the digital maps and dynamic content that power some of the world’s most essential navigation and location-based services (LBS). The information is the foundation for a wide range of personal and in-car navigation systems and mobile and Internet map applications that help users find the people, places, products, and services they need, wherever they are. The company also works with business partners who trust its digital map data to deliver critical applications for emergency, business, fleet, and infrastructure services. Through a combination of its own products and partnerships, Tele Atlas offers digital map coverage of more than 200 countries and territories worldwide. The company was founded in 1984 and today has approximately 2,400 full-time staff and contract cartographers at offices in 24 countries and uses a sophisticated network of professional drivers, mobile mapping vans, and more than 50,000 data resources to deliver highly accurate and up-to-date digital maps. Tele Atlas is listed on the Frankfurt Stock Exchange (TA6) and on Euronext Amsterdam (TA). For more information, visit www.teleatlas.com.

For further information, please contact:
Dirk Snauwaert
Public Relations Director Tele Atlas Europe
Phone: +32 475 69 30 97
dirk.snauwaert@teleatlas.com

Transics develops and commercializes high-end on board fleet management solutions (on board computers, software and services) for the transport and logistics sector. With an installed base of over 40,000 on board computers and over 800 customers, Transics is one of the leading European players in its sector. Transics is active in Benelux, France, Germany, Spain, Scandinavia, Poland and the Czech Republic and is continuously expanding its sales network throughout Europe.