EANS-News: asknet AG asknet Publishes Group Business Figures for the Fiscal
year 2011
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annual result/Company Information
Subtitle: *** Sales revenues and gross profits down from previous year
*** Annual result impacted by one-off costs
*** Reduced structural costs begin to bear fruit: considerable profit recorded
in fourth quarter
*** Outlook for 2012 is positive
Karlsruhe, San Francisco (euro adhoc) - March 29, 2012 - asknet AG, a leading
supplier of global eCommerce solutions for software and digital media companies,
has announced its business figures for the year 2011. In the year under review,
the Group generated sales revenues of 65.4 million euros, approximately 10
percent down on the previous year´s figure. Gross profits, which better
represent the growth of the Group, were almost 5 percent down year-on-year to
10.1 million euros, of which 7.0 million euros were contributed by the
eDistribution segment and 3.1 million euros by ePortals. The Group gross profit
margin improved year-on-year, rising from 14.5 to 15.4 percent.
In the second half of 2011, in the context of a generally weak business
performance, asknet streamlined its organizational structure, shrinking total
Group headcount to 86. As part of these restructuring measures, the Executive
Board was reduced from three to two members and the numbers on the Supervisory
Board were halved from six to three.
The one-off costs incurred for streamlining the organizational structure and the
weaker business performance in the eDistribution segment impacted the Group
result, with the operating result (EBIT) amounting to -0.89 million euros. After
interest and taxes, the Group recorded a loss of 0.88 million euros for the
year.
The implemented measures to cut structural costs in the long term already began
having a positive impact in the fourth quarter: asknet Group operated on a
clearly profitable level in the final quarter of the year, generating quarterly
pre-tax earnings of 0.5 million euros.
"We have set the course for sustained long-term profitability and are delighted
that the fourth quarter of 2011 was a success for us", said Michael Konrad,
Co-CEO of asknet AG. "We are confident that we will also see a profit for the
full year 2012."
As previously announced, the company will publish its complete consolidated
financial statements and annual report for 2011 on its website at www.asknet.com
on April 30, 2012.
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 a leading 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
and supplies software products to around eighty percent of German universities.
In 2011, asknet posted sales of approximately EUR 65.4 million. asknet´s clients
include numerous providers of specialty software including CyberLink, F-Secure,
IS3, Nero, NetObjects, Norman, and Panda Security.
Further inquiry note:
Martina Oerther
Vice President Corporate Marketing
Tel.: +49 (0)721 96 458-6369
Email: martina.oerther@asknet.com
end of announcement euro adhoc
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company: asknet AG
Vincenz-Priessnitz-Str. 3
D-76131 Karlsruhe
phone: +49 (0)721 96 458 6369
FAX: +49 (0)721-96 45899
mail: info@asknet.de
WWW: http://www.asknet.de
sector: Electronic Commerce
ISIN: DE0005173306
indexes:
stockmarkets: free trade: Berlin, München, Düsseldorf, Stuttgart, Open Market /
Entry Standard: Frankfurt
language: English