net mobile AG
net mobile AG: continues solid performance in Q2 2011
net mobile AG / Key word(s): Half Year Results
CORPORATE NEWS – PRESS RELEASE – net mobile AG reports sales increase in the first six months 2011 of 3.1 percent to EUR 47,041k compared to the same period of the previous year (EUR 45,641k) – net mobile AG expects for the full fiscal year 2011 further a strong organic sales growth Dusseldorf, 2nd of September 2011 – net mobile AG (ISIN: DE0008137852), a leading international full-service provider for mobile and interactive value-added services, continued its solid performance in the first six months of 2011, despite the challenging market environment. Sales increased in relation to the same period of the previous year by EUR 1,400k or 3.4 % to a total of EUR 47,041k (1st six months 2010 EUR 45,641k). All business divisions of net mobile AG contributed to this success. Earnings before interest and taxes (EBIT) decreased in the second quarter of the current financial year by EUR 170k to EUR -2,260k compared to the relevant quarter of the previous year (EUR 2,090k). Due to the improved financial result of EUR -13k (previous quarter EUR -41k) as well as increased taxes of EUR 931k (previous quarter EUR 352k) this resulted to a deficit in the current reporting period of EUR 1,341k, which is an improvement to the previous quarter of EUR 473k. Furthermore, depreciation increased by EUR 40k as a result of investments undertaken. Currency fluctuations of the none euro-zone consolidated MINICK companies had a greater impact during this reporting period on the net financial income. The company’s capital decreased by EUR 3,831k in the reporting period and now totals to EUR 35,591k. With 51.0 percent, the equity ratio remains still at a very high level. The company’s cash and cash equivalents total to EUR 877k. The short-term liabilities to banks in the amount of EUR 325k include a remainder of a bank-loan which will be paid within the next twelve months. Outlook Despite a challenging market environment net mobile AG continues its planned solid performance in the financial year 2011. The Executive Board is confident to once again outperform the relevant markets in 2011 and expects a strong increase in organic sales growth for the full fiscal year 2011. Overall, the company expects a significant growth in sales and earnings over the next few years. Investments and the integration within the NTT DoCoMo Group will place a considerable burden on net earnings in the current reporting period of 2011. The Executive Board expects despite a considerable increase in sales that this will result to a negative earnings development in 2011 of a middle single-digit negative million. As essential factors for success in the future, the Executive Board identified the closer cooperation with the major shareholder NTT DoCoMo as well as new innovations for mobile payment solutions and the further expansion of digital content distribution in the emerging telecommunication markets. For the consolidated interim financial statement and further information please visit: http://www.net-m.de/en/investors/financial-statements.html About net mobile AG Media contact End of Corporate News 30.09.2011 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 |
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@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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