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asknet AG

asknet AG shows solid growth in the first nine months of 2008

Karlsruhe (euro adhoc) -

- Sales revenues increased 28% to EUR 53.4 million 
- Service revenues of EUR 6.5 million (+14%)
- Online transactions up 32%
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
companies/Quaterly figures
November 14, 2008 - asknet AG, one of the
leading provider of outsourcing solutions for global software 
distribution via the Internet (Electronic Software Distribution - 
ESD), published its financial figures for the third quarter of 2008.
In the first nine months of 2008, the asknet Group generated sales 
revenues of EUR 53.4 million, representing an increase of 
approximately 28% against the same period of last year. The Group´s 
service revenues rose by 14% to EUR 6.5 million. The Group´s service 
revenues margin was 12.2%. At EUR -2.4 million, the result of 
ordinary activities (EBT) was somewhat weaker than the result of the 
same period of the previous year, which had been EUR -2.2 million. 
This was due to lower margins in the large customer segment as well 
as increased personnel expenses and the strength of the euro relative
to the dollar in the reporting period.
Despite the economic downturn - especially in North America - asknet 
has recorded solid growth. At EUR 17.1 million, sales revenues in the
third quarter were around 9% higher than in the same period of the 
previous year. Service revenues increased by 3% to EUR 2.1 million. 
Compared to the same period of the previous year the EBT is with EUR 
-0,64 million on last year´s level.
In the first nine months of 2008, asknet processed a total of 
approximately 1.123 million online transactions, representing a plus 
of 272,000 transactions or 32% more than the previous year. The 
internationalization that has been actively pursued by the Group also
showed further progress. In the last quarter 63% of end customer 
sales were generated abroad; the share of the American market was 
25%.
The Management Team of asknet AG is cautiously optimistic regarding 
further business development of the Group in the final quarter of the
year despite the difficult economic conditions. Analysts believe that
the online sales sector will not be as strongly affected by the 
current financial crisis as other branches of commerce. In addition, 
the increasing cost pressures facing many companies means that 
software publishers will be forced to focus more heavily on online 
channels for B2C as well as B2B in the future.
As of today the asknet AG report on the third quarter of 2008 is 
available in German language on the company´s website www.asknet.de.
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 University of Karlsruhe, one of Germany´s most 
prestigious technical universities, 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 softwarehouse.de, Europe's largest platform for 
downloads of standard software. In 2007, asknet had a turnover of 
about 65 million euros. Among its customers are well-known software 
publishers such as CollabNet, DivX, F-Secure, Nero, Panda Security, 
and Web.com. asknet supplies software products to around seventy 
percent of German universities. Further information is available from
www.asknet.com.
end of announcement                               euro adhoc

Further inquiry note:

Press Office
asknet AG
Kirsten Neininger
phone: +49 (0)721 96458-6399
eMail: kirsten.neininger@asknet.com
www.asknet.com

Branche: Electronic Commerce
ISIN: DE0005173306
WKN: 517330
Börsen: Börse Frankfurt / free trade/entry standard

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