net mobile AG
- WKN: 813785
- ISIN: DE0008137852
- Land: Germany
Nachricht vom 30.04.2012 | 21:54
net mobile AG: continues its growth
net mobile AG / Key word(s): Final Results
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, 30st 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.
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
End of Corporate News
30.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
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|Company:||net mobile AG|
|Phone:||+49 (0)211 970 20-0|
|Fax:||+49 (0)211 970 20-999|
|Listed:||Freiverkehr in Berlin, Hamburg, München (m:access), Stuttgart; Open Market in Frankfurt|
|End of News||DGAP News-Service|
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