net mobile AG
net mobile AG reports revenue upturn in the first nine months of 2011
net mobile AG / Key word(s): Quarter Results 30.12.2011 / 20:40 --------------------------------------------------------------------- CORPORATE NEWS - PRESS RELEASE net mobile AG reports revenue upturn in the first nine months of 2011 - net mobile AG increases revenue in the first nine months of 2011 by 5.9% year-on-year to EUR74,367 thousand (previous year: EUR70,246 thousand) - Sharp revenue increase from the second to the third quarter of 2011, by 18% to EUR27,327 thousand (Q2 2011: EUR23,060 thousand) - Net income of EUR655 thousand in the third quarter of 2011 - For financial year 2012, the Executive Board anticipates a significant improvement in revenue and earnings Düsseldorf, 30th December 2011 - net mobile AG (ISIN: DE0008137852), Europe's leading provider of mobile and interactive value added services, considerably improved revenue and earnings in the third quarter of 2011, despite many challenges. In the first nine months of 2011, revenue increased year-on-year by EUR4,121 thousand or 5.9% to EUR74,367 thousand (previous year: EUR70,246 thousand). Of particular interest is the considerable revenue increase from the second to the third quarter of 2011, by 18% to EUR27,327 thousand (Q2 2011: EUR23,060 thousand). All divisions contributed to this pleasing trend. Earnings before interest and taxes (EBIT) improved in the first quarter of 2011 by EUR177 thousand to -EUR2,083 thousand (previous year: -EUR2,260 thousand). Driven primarily by strongly improved net finance costs, net income of EUR655 thousand was generated in the quarter under review, a year-on-year improvement of EUR1,996 thousand (Q2 2011:-EUR1,341 thousand). The result was still negatively impacted by scheduled expenditure for integration by the new large shareholder NTT DOCOMO. Furthermore the result was negatively influenced by the build up of the operation in Spain that will realise additional turn over and results in the future. The Company had cash and cash equivalents in the amount of EUR1,146 thousand at the current reporting date. Based on the existing credit facilities the manangement board consider the cash situation as healthy. In the first nine months of 2011, shareholders' equity declined by EUR1,941 thousand in relation to 31 December 2011, totalling EUR37,481 thousand as of the reporting date. At 48.15%, the equity ratio remains at a high level. The investments were dominated by the investment into the max media platform. Increasing the flexibility to connect to the platform was the main purpose. In addition net mobile realised for its main shareholder the connection to the googel carrier billing solution. Additional orders from big operators will be signed shortly. The total investment amounts to 5,677 thousand in the last 9 month. Outlook: In a market environment characterised by rapid technological change, as well as political and economic imponderables, net mobile AG continued its positive development. As a result, the Executive Board anticipates a positive revenue trend also for the fourth quarter of 2011. However, integration into the NTT DoCoMo Group and the high level of investing activities is expected to have a considerable negative impact on earnings in the current financial year. For the 2011 financial year, the Executive Board therefore anticipates a negative mid seven-figure result. The high level of investments in past quarters and intensive cooperation with the main shareholder NTT DoCoMo should bear fruit in the future. With its innovations, particularly in the area of mobile payment solutions, the Company has an excellent positioning to leverage the great revenue potential in this important growth market. Furthermore, in the future, the Digital Content Distribution division is set to benefit from growth in telecommunication markets in many regions of the world. Overall, in the future, the Executive Board anticipates a further considerable increase in revenue and also strong improvements in profitability. About net mobile AG The net mobile AG Group is a leading international full-service provider for mobile and interactive value-added services. 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 multi-channel 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 minick Schweiz AG in Zollikon (Switzerland), net mobile UK Ltd. in London (UK), net mobile Spain SLU in Madrid (Spain) and Untitled Media S.A. in Diegem (Belgium). 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 Björn Spielberg Presse net mobile AG Zollhof 17 40221 Düsseldorf GERMANY Fon: +49 211 9 70 20 192 Fax: +49 211 9 70 20 999 Mobile: +49 162 10 83 743 Mail: bjoern.spielberg@net-m.de Web: www.net-m.de Facebook: www.facebook.com/netmobileag Blog: www.net-m.de/blog End of Corporate News --------------------------------------------------------------------- 30.12.2011 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 --------------------------------------------------------------------- 151300 30.12.2011
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