DGAP-News: asknet publishes business figures for Q1 2013
(firmenpresse) - DGAP-News: asknet AG / Key word(s): Quarter Results
asknet publishes business figures for Q1 2013
15.05.2013 / 10:14
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asknet publishes business figures for Q1 2013
- Good start to year 2013
- Sales revenues and gross profits clearly up on prior-year period
- Positive quarterly result
Karlsruhe, May 15, 2013 - asknet AG has announced its business figures for
the first quarter of 2013. The leading supplier of global e-commerce
solutions for software and digital media companies reports a good start to
the financial year 2013. In the first three months of 2013, the Group
generated consolidated sales revenues of 20.40 million euros, up 25.3
percent on the same quarter of the previous year. asknet Group's gross
profits in the reporting period rose by 14.0 percent to 2.67 million euros
compared to the first three months of 2012, of which 2.06 million euros
were contributed by the eDistribution segment and 0.61 million euros by
ePortals. Both eDistribution and ePortals showed a positive performance in
the reporting period. eDistribution reported substantial year-on-year
growth in terms of both sales revenues and gross profits.
The good business performance in the first three months of 2013 is
reflected in a positive quarterly result. Earnings before taxes (EBT)
amounted to 0.03 million euros, having improved by 0.07 million euros
compared to the first quarter of 2012. After interest and taxes, asknet
Group posted a net profit of 0.03 million euros for the first three months
of 2013.
As of March 31, 2013, asknet Group's total assets declined to 10.49 million
euros, compared to 13.51 million euros at the end of 2012. Total equity
increased moderately in the reporting period, namely from 3.61 million
euros to 3.64 million euros, corresponding to an equity ratio of
approximately 35 percent. asknet Group's liquid assets amounted to 5.63
million euros on the reporting date March 31, 2013, compared to 6.58
million euros at the end of 2012. Liabilities of asknet Group decreased by
a substantial 4.36 million euros to 4.11 million euros, of which
approximately 86 percent were trade payables. asknet Group did not have any
financial obligations as of the balance sheet date. Consolidated cash flows
from operating activities were negative at -0.84 million euros, reflecting
the reduction of liabilities.
'We are delighted about our successful first quarter and the continued
support shown by our customers. Therefore we are optimistic that the
current financial year 2013 will see another improvement in our full-year
operating result,' says Michael Konrad, CEO of asknet AG. In February
asknet received the IBM Bestseller Award 2012 in the 'Growth' category.
This award recognizes outstanding contributions to IBM's business made by
the company's business partners. The award judges were impressed with
asknet's achievements in the academic enterprise and mid-market areas. The
good cooperation with IBM is being continued in the current year. In March
asknet also received the 'Software Made in Germany' seal of quality from
the Federal association of SME IT service providers.
The Q1 2013 financial figures of asknet AG are available on the company
website at www.asknet.com.
Selected key performance indicators of asknet Group
Q1 2013 Q1 2012About asknet
Sales revenues EUR 20.40 million EUR 16.27 million
Gross profits EUR 2.67 million EUR 2.35 million
EBIT EUR 0.03 million EUR -0.05 million
EBT EUR 0.03 million EUR -0.04 million
Net profit/loss for the year EUR 0.03 million EUR -0.05 million
asknet, a leading global provider for customized e-commerce solutions
allows merchants to sell into more than 190 countries around the globe.
asknet's e-commerce gateway exceeds market standards for software and
digital media distribution. The company develops and maintains portals for
software distribution and supplies 80% of all German universities with
software products. asknet acts as a large account reseller for Adobe and
Microsoft in the Academic Market and won the IBM Bestseller Award 2012.
asknet offers students a wide range of software downloads for personal use
through its leading Internet platform 'studyhouse.biz'. asknet's customers
include numerous providers of specialty software including ABBYY,
CyberLink, F-Secure, Nero, NetObjects, Norman, Panda Security and Steinberg
Media Technologies. asknet was founded in 1995 as a spin-off of the
Karlsruhe Institute of Technology (KIT, formerly the University of
Karlsruhe). In 2012 the company's transaction revenues amounted to more
than 90 million euros. For more information, visit www.asknet.com.
Press Contact:
asknet AG
Katja Speck
Phone: +49/721/96458-6369
eMail: katja.speck(at)asknet.com
End of Corporate News
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