net mobile AG
net mobile AG: on growth course in Q1 2012
net mobile AG / Key word(s): Interim Report net mobile AG on growth course in Q1 2012 * net mobile AG increases revenue in first quarter of 2012 by 16.5% year-on-year to EUR27,945 thousand (previous year: EUR23,981 thousand) * Stable earnings despite doubled investments * Successful alignment of the company towards smartphones * Executive Board anticipates a significant increase in revenue to EUR130 million and slightly positive EBIT in 2012 Düsseldorf, 15th June 2012 – net mobile AG (ISIN: DE0008137852), Europe's leading provider of mobile and interactive value-added services, has reported a significant increase in revenue in the first quarter of 2012. Overall, revenue was up by EUR3,964 thousand or 16.5% year-on-year to EUR27,945 thousand in the first three months of 2012 (previous year: EUR23,981 thousand). All business divisions contributed to the company's continued positive business development. Driven primarily by the considerably higher investments due to growth, earnings before interest and taxes (EBIT) of EUR-2,566 thousand in the first quarter of 2012 were EUR475 thousand lower than the previous year's figure (Q1 2011: EUR-2,091 thousand). The quarter under review therefore recorded another negative result of EUR-1,883 thousand that was roughly on a level with that of the previous year (Q1 2011: EUR-1,779 thousand). In contrast to the previous year, the result includes the result of Bankverein Werther AG for the first time (EUR-229 thousand). In particular, the systematic alignment of the company towards the area of smartphones led to high investments as planned, although these already began to pay off. As a result of growth, the company invested a large amount (EUR2,957 thousand) in fixed assets in total (Q1 2011: EUR2,403 thousand). The company's equity decreased by EUR979 thousand as against 31 December 2011 and now totals EUR55,319 thousand as at the reporting date. Chiefly due to the EUR2,828 thousand increase in total assets to EUR134,020 thousand, the equity ratio fell from 42.9% to 41.3% but nonetheless remains at a very strong level, particularly in view of the inclusion of Bankverein Werther AG in the Group. As at the current reporting date, the company's cash and cash equivalents amount to EUR25,099 thousand, with current liabilities to banks totalling EUR16,288 thousand. Outlook The net mobile AG Group will continue in a targeted way on its successful path of a systematic alignment towards smartphone and tablet PC technology and optimisation of m- and e-commerce payment methods on an international level as well as make strategically useful investments. With the right products for its customers and the support of its major shareholder NTT DoCoMo, net mobile AG is setting the course for continued dynamic growth. For the 2012 financial year, the Executive Board anticipates an increase in revenue with significantly improved EBIT
Bernd Reinartz
net mobile AG
Fon: +49 211 9 70 20 380 End of Corporate News 15.06.2012 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 |
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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