DGAP-News: net mobile AG reports solid development in second quarter of 2009/10
(firmenpresse) - net mobile AG / Interim Report
27.05.2010 10:00
Dissemination of a Corporate News, transmitted by
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net mobile AG reports solid development in second quarter of 2009/10
Düsseldorf, 27 May 2010 - net mobile AG (ISIN: DE0008137852), Europe's
leading provider of mobile and interactive value added services, reported
solid business development again in the second quarter of the 2009/10
financial year.
Revenue decreased slightly year-on-year in the second quarter of 2009/10 by
EUR1,061 thousand or 4.5% to EUR22,325 thousand (previous year: EUR23,386
thousand). In the first half of 2009/10, net mobile AG nonetheless achieved
slight revenue growth of around 0.8%, with half-yearly revenue at EUR44,667
thousand (previous year: EUR44,331 thousand). All business areas developed
very positively. The reason for the low growth is the withdrawal from the
chat business, which contributed EUR8,904 thousand to revenue in the first
half of the previous financial year. Excluding this discontinued business
area, the growth rate would have amounted to 26.1%.
Earnings before interest and taxes (EBIT) deteriorated in the first half of
the current financial year by EUR647 thousand to -EUR473 thousand (previous
year: EUR174 thousand). Due to the significantly improved financial result
of EUR213 thousand (previous year: -EUR247 thousand) and income taxes of
EUR232 thousand (previous year: -EUR46 thousand), a lower net loss of only
EUR28 thousand was recorded for the current reporting period. This
represents an improvement in the half-yearly result of EUR91 thousand
compared with the same period of the previous year.
The result was negatively impacted by expenditure for integration by the
new large shareholder NTT DOCOMO and the associated reorganisation.
However, this investment will be reflected in the medium term by higher
profits, even though the result in this financial year will be impacted.
In addition, depreciation increased by EUR619 thousand as a result of the
investments undertaken.
Shareholders' equity rose by EUR4,825 thousand in relation to 30 September
2009, now totalling EUR38,156 thousand as of the reporting date, while the
equity ratio fell slightly from 62.5% to 60.6%. The Company had cash and
cash equivalents in the amount of EUR5,871 thousand at the reporting date.
Outlook
With the backing of the globally operating group NTT DOCOMO as a large
shareholder, the development of many innovative product ideas can be
expected. Even though the costs of integration are currently impacting the
result, the Board of Managing Directors anticipates a significant
improvement in the result in the medium term.
The investment trend will remain high, and the Company will also invest
substantially in new markets in the coming quarters.
An encouraging factor is that we concluded new, in parts exclusive
agreements with several mobile telecommunications providers in Europe and
Asia, which will make a first positive contribution to revenue in the
second half of the calendar year.
About net mobile AG
net mobile AG is a leading international full-service provider for mobile
and interactive value-added services. Founded in November 2000, the company
is seen as an innovation leader on the market and its full-managed service
approach includes consulting, design, applications, content, billing,
transport and technical implementation for optimal, multi-channel marketing
campaign management. Further more net mobile AG offers Apps for smartphones
an e books since 2009. As a partner to all the major music labels and the
owners of rights for the film, television and games industry, net mobile AG
also ensures full content and royalty management. Its more than 500
customers world-wide include national and global mobile telecommunications
providers, media companies, portals, branded companies and TV channels for
which it provides end-to-end mobile interactive TV services. first:telecom
GmbH and MINICK AG are subsidiaries of the net mobile AG group of
companies. Since December 2009 NTT DOCOMO is major shareholder, owning
more than 80% of net mobile shares. You can find further information under
www.net-m.de.
Contact details:
Contact details:
Katja Bürger
Investor Relations net mobile AG
Zollhof 17
DE 40221 Düsseldorf
Fon: +49 (0) 211 970 20 - 0
Fax: +49 (0) 211 970 20 - 999
E-Mail: Frank.Klabunde(at)net-m.de
Internet: www.net-m.de
27.05.2010 10:00 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: net mobile AG
Zollhof 17
40221 Düsseldorf
Deutschland
Phone: +49 (0)211 970 20-0
Fax: +49 (0)211 970 20-999
E-mail: info(at)net-m.de
Internet: www.net-m.de
ISIN: DE0008137852
WKN: 813785
Listed: Freiverkehr in Berlin, München (m:access), Stuttgart,
Hamburg; Open Market in Frankfurt
End of News DGAP News-Service
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Datum: 27.05.2010 - 10:00 Uhr
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