net mobile AG: continues its growth

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, 30^st 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 mobile and 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@net-m.de
Web: www.net-m.de
Facebook: www.facebook.com/netmobileag
Blog: www.net-m.de/blog