Nedap's excellent 2012 financials

Revenue grow by 13% profit up 23%

fltr: Tahyani Villaroel, Melvyn Teo, Michele Monzeglio and general manager Maarten Mijwaart

The revenue of Nedap for the year 2012, at US$230.6 million (€ 171.9 million), was 13% up on 2011 ($204.3million). Corrected for the planned phasing-out of the traditional supplier activities, the growth in revenue was no less than 20%. Nearly all market groups - despite the difficult economic climate - managed to once more continue the solid upward trend of organic growth in revenue. The profit after taxes went up by 23% to $ 18.1 million (2011: $ 14.8 million). The earnings per share finished at $ 2.70 compared to $ 2.20 in 2011. Of the profit, 75% will be distributed as dividends. The dividend per share will therefore be $ 2.03 (2011: $ 1.65).

The market group AVI (Automatic Vehicle Identification, products for vehicle and driver identification and wireless parking systems) once more managed to achieve an impressive growth in revenue in 2012. With a complete range of long-distance recognition systems, AVI now offers the ideal solution for a whole variety of projects. The broad product portfolio - in combination with a further intensification of the marketing activities - resulted in higher revenue in virtually all countries where the market group is active.

Read the full press release at the Nedap N.V. website

Expansion of Nedap AVI-team

To answer to the growing market interest in our solutions for the security and parking industry we recently expanded our team.

The new additions to the Nedap AVI team are:

- Melvyn Teo, responsible for business development in South East Asia, based in Singapore
- Tahyani Villaroel, responsible for business development in Latin and South America, based in Branson, MO, United Sates
- Michele Monzeglio, responsible for technical sales support in Italy, based in Torino, Italy

“Our leading market position is the result of our strategy to focus intensively on product development, sales and marketing in specifically selected regions with significant growth potential. The continuous product innovation and expansion of our portfolio has been well received by our partners. 2013 is going to be an interesting and exciting year for Nedap AVI. We will launch some great new products and we are about to intensify our partner management approach. Our new team members will help us achieve our goals and we are sure that our clients and partners will benefit from their contribution.”, comments Maarten Mijwaart, General Manager of Nedap AVI.

About Nedap AVINedap AVI

Nedap AVI is specialist in long-range identification and wireless parking solutions to optimise, monitor and manage the flow of traffic in urban areas. The company offers a full range of innovative products that combine leading edge technology with quality resulting from over 30 years of experience in RFID.  Nedap is headquartered in the Netherlands, has sales offices in the United States, United Arabic Emirates, Italy and Singapore and has an extensive international business partner network.

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