asknet AG

EANS-News: asknet AG
asknet reports profitable 2009 fourth quarter

- High level of seasonal trade expedites positive business dynamic - Online commerce shows growth despite economic crisis

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quarterly report

Subtitle: - High level of seasonal trade expedites positive business dynamic - Online commerce shows growth despite economic crisis

Karlsruhe (euro adhoc) - Karlsruhe, March 9, 2010 - asknet AG, which recently was ranked as one of Germany´s fastest-growing technology companies in Deloitte´s "Technology Fast 50" report, today announces a profitable fourth quarter in 2009. With the traditional year-end upturn in business, the last quarter of 2009 was the culmination of a positive dynamic that began as early as the first quarter of the year. From the beginning of 2009, asknet´s financial results improved from quarter to quarter.

"The consistent nature of this growth proves that it is not a one-time occurrence," says Michael Konrad, CFO of asknet. "Instead, it is a reflection of the scalability of our business model, the effectiveness of the previous year's restructuring program, our strict cost controls, and our international focus." 2008 was a year of consolidation for asknet, and the measures introduced then have resulted in a significant reduction in operating costs.

asknet has positioned itself on the eCommerce market - a sector that showed solid growth in 2009 regardless of the continuing economic slump. According to the Association of German Retailers (Bundesverband des deutschen Einzelhandels), online sales rose by 13% in Germany. In the rest of Europe and the USA, sales also increased in the "fastest shopping mall" in the world. "We see ourselves in a good position to continue improving our profitability in 2010," says Michael Scheib, CEO of asknet. "The positive performance in 2009 proves that the market appreciates what we have to offer and is rewarding our strategy." asknet AG will publish its annual report for 2009 on April 30, 2010.

About asknet asknet offers its clients customized outsourcing solutions for global software sales via the Internet. Founded in 1995 as a spin-off of the Karlsruhe Institute of Technology (KIT, formerly the University of Karlsruhe), the company has become the number two independent global provider for electronic software distribution. In addition to its fully integrated shop solutions for software publishers, the company develops and maintains portals for software distribution such as, one of Europe's largest. In 2009 the Karlsruhe company was named in the Deloitte Touche Tohmatsu "Technology Fast 50" ranking of the fastest-growing technology firms in Germany. asknet´s clients include numerous providers of specialty software such as CollabNet, DivX, F-Secure, Nero, Panda Security, Steganos, and NetObjects. The company also supplies software products to around eighty percent of German universities. Further information is available from

Press Contacts asknet AG Kirsten Neininger phone: +49 (0)721.96458-6399 eMail:

asknet, Inc. Bernard Haug eMail:

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ots Originaltext: asknet AG
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Further inquiry note:
Kirsten Neininger
Corporate Marketing Manager
Telefon: +49 (0) 721 96 458 6399

Branche: Electronic Commerce
ISIN:      DE0005173306
WKN:        517330
Börsen:  Frankfurt / free trade/entry standard
              Berlin / free trade
              Stuttgart / free trade
              Düsseldorf / free trade
              München / free trade

Weitere Meldungen: asknet AG

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