EANS-News: asknet AG
asknet Publishes Group Business Figures for the Fiscal
year 2011
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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
Original content of: asknet AG, transmitted by news aktuell