DGAP-News: net mobile AG: continues its growth
(firmenpresse) - DGAP-News: net mobile AG / Key word(s): Final Results
net mobile AG: continues its growth
30.04.2012 / 21:54
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CORPORATE NEWS - PRESS RELEASE
net mobile AG continues its growth
- Sales increase of 9,53 % to EUR 106,6 Mio
- Refocus of the group towards smartphone business influenced the result
by TEUR 6,396
- After strong investments in internationalisation net mobile AG shows
expected negative result of EUR 10,5 Mio
Düsseldorf, 30st of April 2012 - net mobile AG group (net-m) is a leading
international full-service provider for mobile and interactive value-added
services and payment solutions reports today its preliminary result for
2011. The figures of this business year are limited comparable with the
figures of the previous business year as this as a Stub period of three
months.
The development of sales is nicely encouraging. Sales increased
year-on-year by TEUR 9,279 or 9.53 % to EUR 106.6 million. Due to the long
term gross strategy the company invested heavily into internationalisation,
human recourses staff and product&services.
In terms of the strategic development net-m took over the majority of
Bankverein Werther AG. With this acquisition net mobile AG is able to
develop innovative mobile payment products including essential regulatory
requirements.
Regular write-downs on current assets (not including non-current financial
assets) increased year-on-year to TEUR 8,632 (previous year: TEUR 1,740) as
a result of investments. In addition, the company carried out one-off
write-downs on fixed and current assets amounting to TEUR 6,396. These
one-off write-downs were carried out as a result of a permanent impairment
of these assets due to the changes in the market environment.
However, net finance costs declined by TEUR 2,120 to TEUR 1,373 as a result
of increased borrowing requirements, the unexpected write down of
participations and unwinding a long-term liability and depreciation on
participations.
The total net loss for the year deteriorated significantly year-on-year by
TEUR 11,470 to TEUR 10,501. This was as a result of one-off write-downs in
connection with systematically focusing the company on the smartphone
business and the margin pressure. The costs of the acquisition of the
interest in Bankverein Werther AG also had a negative impact of TEUR 650 on
the result. Furthermore, margin pressure in the Payment&Interactive
segment influenced the result.
Outlook
In the financial year 2012, the Executive Board plans to continue its path
of systematically focusing on smartphone technology and optimising M and E
commerce payment methods. This is accompanied by further
internationalisation.
Overall, the high growth momentum is set to be continued. However, this
depends on proper financial support by the shareholders.
For 2012, the Executive Board expects sales on group level of approximately
EUR 130 million and a significantly improved result. Focused on the
business conducted by net mobile AG it results in a higher sales and
increasing profitability. The increasing profitability will depend on
significantly strengthening the gross profit margin. In 2013, significant
profits are estimated to be generated for the first time and sales are
expected to continue rising considerably.
About net mobile AG
The net mobile AG Group is a leading international full-service provider
for mobileand interactive value added services and payment solutions.
Founded in November 2000, the company is seen as an innovation leader with
a comprehensive service approach including consulting, design and technical
implementations for a multichannel marketing campaign management.
Furthermore net mobile AG offers a variety of smartphone applications and
e-books since 2009. Partnering with all major music labels and digital
rights-owners in the film, television and games industry, net mobile AG
also ensures full content and royalty management. Its more than 500
customers include national and global mobile telecommunication providers,
media companies and TV stations for which it provides mobile interactive TV
services. The net mobile AG Group includes net mobile AG and the
subsidiaries net mobile minick GmbH (formerly: Minick Germany GmbH) in
Hamburg, First Telecom GmbH, First Communication GmbH and SN Telecom GmbH
in Frankfurt, net mobile Verwaltungs AG and net mobile Schweiz AG in Zurich
(Switzerland), net mobile UK Ltd. In London (UK), and net mobile MINICK
S.L. in Madrid (Spain). Since December 2009 NTT DOCOMO is major
shareholder, owning more than 80% of net mobile AG shares.. For more
information please visit www.net-m.de.
Media Contact
Bernd Reinartz
Pressesprecher
net mobile AG
Zollhof 17
40221 Düsseldorf
Germany
Fon: +49 211 9 70 20 380
Fax: +49 211 9 70 20 999
Mobile: +49 172 43 94 990
Mail: bernd.reinartz(at)net-m.de
Web: www.net-m.de
Facebook: www.facebook.com/netmobileag
Blog: www.net-m.de/blog
End of Corporate News
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30.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: net mobile AG
Zollhof 17
40221 Düsseldorf
Germany
Phone: +49 (0)211 970 20-0
Fax: +49 (0)211 970 20-999
E-mail: info(at)net-m.de
Internet: www.net-m.de
ISIN: DE0008137852
WKN: 813785
Listed: Freiverkehr in Berlin, Hamburg, München (m:access),
Stuttgart; Open Market in Frankfurt
End of News DGAP News-Service
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167537 30.04.2012
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