getgoods.de AG publishes 2011 consolidated financial statements

getgoods.de AG / Key word(s): Final Results

29.06.2012 / 16:46

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Düsseldorf, 29 June 2012 - Today, getgoods.de AG, a leading operator of
online platforms for IT and telecommunication products in the fast growing
e-commerce market, published its annual report for the 2011 financial year.

Assuming a full-year proforma consolidation of HTM GmbH (brought into
getgoods.de AG as of 1.7.2011) the revenues and earnings development in the
fiscal year 2011 is in line with the previously reported preliminary
figures.

Proforma revenues totalled EUR 316.9m in 2011. Net of cost of materials of
EUR 291.7m, the gross profit amounted to EUR 25.2m. As a percentage of
sales, the pro forma gross margin amounted to 7.9%.

The Group's proforma EBIT amounted to EUR 6.6m. As a percentage of sales,
the pro forma EBIT margin thus amounted to around 2.1%. After taxes the
proforma consolidated net income amounted to EUR 4.1m. Based on the 14.0
million shares outstanding of getgoods.de AG as of 31.12.2011, this equals
proforma earnings per share of EUR 0.29.

The audited consolidated financial statements, just like the proforma
consolidation, include the figures for getgoods.de AG since 01.01.2011 and
for Home of Hardware GmbH (HoH) since 01.08.2011. Due to the requirements
of German commercial law HTM GmbH Handy Trends + More (HTM), however, is
only consolidated from 01.07.2011 onwards.

Accordingly, getgoods.de AG and its operating subsidiaries generated
consolidated sales of EUR 193.7m in the 2011 financial year. Net of cost of
materials of EUR 176.1m, the gross profit amounted to EUR 17.6m. As a
percentage of sales, the gross margin amounted to 9.1%. The Group's EBIT
amounted to EUR 3.9m. As a percentage of sales, the EBIT margin thus
amounted to 2.0%. After taxes of EUR 1.3m, consolidated net income amounted
to EUR 2.1m. Based on the 14.0m shares outstanding of getgoods.de AG as of
31.12.2011, this equals earnings per share of EUR 0.15.

Principally, the company's earnings performance in the fiscal year 2011 was
affected by various one-off items that are nevertheless viewed as
important, positive investments in the company's future. These include
introducing a new merchandise system and new shop software, as well as
acquiring and fitting out a new distribution centre opened in
Frankfurt/Oder in early November. Furthermore, profit margins were also
affected by the costs of integrating Home of Hardware GmbH, which was taken
over from CANCOM AG in July 2011. Despite these factors, the company
nevertheless managed to generate a positive overall income.

For the 2012 financial year, the Management Board expects the company to
continue to profit from the strong growth in the online retail market and
expects sales to grow to at least EUR 400m with an EBIT margin of
approximately 2.5%.

The complete audited consolidated financial statements, including the notes
and management report, can be downloaded from the company's internet site
at www.getgoods.ag.

About getgoods.de AG
getgoods.de AG distributes IT and telecommunication products via various
online shops within the fast-growing e-commerce market. The products focus
is on mobile phones, smart phones, telephones and notebooks. Additionally,
the company provides consumer electronics and white goods. With six online
shops, such as www.getgoods.de, www.hoh.de, or www.handyshop.de as well as
presence points at Amazon and ebay the company covers a wide range within
its portfolio.

For further information about the company, the management and the
getgoods.de share, please refer to the company's IR website:
www.getgoods.ag.

IR Contact:
Dorothea Schneider
Haubrok Investor Relations GmbH & CO. KG
Tel: +49 89 210 27 520
Email: d.schneider@haubrok.de


End of Corporate News

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176070 29.06.2012