DGAP-News: net mobile AG: continues its course of success
(firmenpresse) - DGAP-News: net mobile AG / Key word(s): Final Results
net mobile AG: continues its course of success
31.05.2013 / 17:15
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PRESSEMITTEILUNG - PRESS RELEASE
net mobile AG continues its course of success
Sales increased by 17 percent to EUR 125 thousand
Significant improvement in results comparing to financial year 2011
EBIT improved by EUR 12,709 thousand to EUR 102 thousand
Düsseldorf, 31st of May 2013 - net mobile AG (ISIN:DE000813852), a leading
international full-service provider for mobile value-added services and
payment solutions announced its results for the business year 2012 today.
The company was founded in November 2000 and is regarded as innovation
leader today. It was the first market player who could position itself with
its own full banking licence. Furthermore, net mobile AG also provides apps
for smartphones and complete solutions for white label app stores.
Its more than 500 customers worldwide 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.
The full acquisition of net-m privatbank 1891 AG, Düsseldorf (formerly
Bankverein Werther AG, Bielefeld) could be reached as planned in the 2012
financial year.
The Executive Board is satisfied with the development in the past financial
year. Earnings improved significantly against the previous year. The
continued growth and the significant improvement in the gross profit margin
are encouraging.
All in all, the group enjoyed a positive development. Sales increased by
EUR 18,116 thousand or around 17 percent to EUR 124,764 thousand.
Especially the sale of digital goods has contributed to this development.
Encouraging are the corporations with mobile network operators and Google.
net-m privatbank 1891 AG contributed sales of EUR 2,529 thousand in the
2012 financial year (previous year: 601).
Staff costs increased by EUR 4,653 thousand to EUR 18,930 thousand, due to
the fact that the net-m privatbank 1891 AG was fully consolidated for the
complete year. The year-on-year depreciation and amortisation expenses
declined by EUR 5,109 thousand as no additional write-downs were required
due to the market environment (contents for old types of mobile phones).
The year-on-year net financial income improved by EUR 527 thousand to EUR
-847 thousand, mainly because of the decrease of foreign currency losses
amounting to EUR 56 thousand (previous year: EUR 476 thousand) as well as
the extraordinary depreciation in the previous year, which was necessary
for the carrying amount of unconsolidated shares in affiliated companies
and loans on these companies amounting to EUR 305 thousand. Additionally
the interest result deteriorated to a result of EUR -790 thousand (previous
year: EUR -601) and partly compensated the positive development.
The development of the EBIT was satisfying with an increase of 12,709
thousand to EUR 102 thousand. Accordingly, the consolidated result for the
year improved significantly by EUR 9,539 thousand to EUR -962 thousand.
The improvement of the innovation leader position requires large
investments. In the 2012 financial year, the company maintained its high
level of investment in property, plant and equipment and intangible assets.
Total investments excluding investments in financial assets amounted to EUR
19,985 thousand (previous year: EUR 9,123 thousand). Investments in
financial assets amounted to EUR 2,128 thousand (previous year: EUR 2,392
thousand).
In the year under review, net mobile AG resolved to issue 218,229 shares as
part of a capital increase. DOCOMO Deutschland GmbH subscribed the shares
at a purchase price of EUR 7.79 per share, meaning that the issue price was
higher than the current market price and the average market price for the
last ten days prior to the announcement of the capital increase. The
subscribed capital of net mobile AG will increase from EUR 12,229,987
thousand to EUR 12,448,207 thousand as a result. As the capital increase
only came into force with its entry into the commercial register in 2013,
there was no change in subscribed capital compared with the previous year.
Therefore, total equity amounted to EUR 54,968 thousand (previous year: EUR
56,298 thousand). This includes a consolidated net loss of EUR 962 thousand
(previous year: EUR 10,501 thousand). The equity ratio declined from 42.9
percent to 35.1 percent as a result of the significant increase in total
assets. In addition to substantial investments, the rise in total assets
resulted from the increase in loans to affiliated companies and the higher
level of customer deposits at net-m privatbank 1891 AG.
The net mobile group closed the 2012 financial year with a net cash flow
from operating activities of EUR 4,983 thousand (previous year: 437). Net
cash flow from investing activities was negative again and amounted to EUR
20,924 thousand (previous year: 8,050), while net cash flow from financing
activities was with EUR 21,600 (previous year: 30,727) positive. In total
the group's cash and cash equivalents increased by EUR 5,665 thousand to
EUR 30,827 thousand.
Outlook
The main shareholder also supports the chosen path of systematically
orienting the company towards the challenges of tomorrow by addressing
primarily the new opportunities presented by smartphones. At the time of
writing, the group's development and its complete focus on new technologies
are not yet complete and will continue impacting the earnings over the
coming financial years.
Important growth opportunities for the group come from the growing
cooperation's with mobile network operators and OTT-players such as Google,
payment systems (credit cards, direct debit and mobile operator payments)
as well as the distribution of content on the Internet. For the business
year 2013 the group is expecting increasing transaction volumes. Due to
other accounting rules a slight decline in revenue is expected.
In the light of the company's overall orientation, the management is
forecasting negative earnings amounting to a few million euros and reduced
sales for 2013. Following the completion of its reorientation, the company
expects to return to higher sales and positive earnings in 2014.
The full annual report will be available on the web side www.net-m.de at
the 7th of June 2013
Follow us on Twitter: www.twitter.com/netmobileag.
About net mobile AG
The net mobile AG Group is a leading international full-service provider
for mobile value added services and payment solutions. Founded in November
2000, the company is seen as an innovation leader with a comprehensive
service approach including consulting, design and technical implementations
for a multichannel marketing campaign management. Furthermore net mobile AG
offers a variety of smartphone applications and e-books since 2009.
Partnering with all major music labels and digital rights-owners in the
film, television and games industry, net mobile AG also ensures full
content and royalty management. Its more than 500 customers include
national and global mobile telecommunication providers, media companies and
TV stations for which it provides mobile interactive TV services. The net
mobile AG Group includes net mobile AG and the subsidiaries net mobile
minick GmbH (formerly: Minick Germany GmbH) in Hamburg, First Telecom GmbH,
First Communication GmbH and SN Telecom GmbH in Frankfurt, net mobile
Verwaltungs AG, net-m privatbank 1891 AG in Munich and net mobile minick
Schweiz AG in Zurich (Switzerland), net mobile UK Ltd. In London (UK), and
net mobile Spain SLU in Madrid (Spain). Since December 2009 NTT DOCOMO,
INC. is major shareholder, owning more than 80% of net mobile AG shares.
For more information please visit www.net-m.de.
If you have any further questions do not hesitate in contacting us. We are
also happy to make a direct contact with our company directors for you.
Media contact
Press Officer
net mobile AG
Bernd Reinartz
Fritz-Vomfelde-Str. 26 - 30
DE 40547 Düsseldorf
Fon: +49 (0) 211 970 20 - 380
Fax: +49 (0) 211 970 20 - 999
E-Mail: bernd.reinartz(at)net-m.de
Internet: www.net-m.de
End of Corporate News
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31.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: net mobile AG
Zollhof 17
40221 Düsseldorf
Germany
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, Hamburg, München (m:access),
Stuttgart; Frankfurt in Open Market
End of News DGAP News-Service
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214203 31.05.2013
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Datum: 31.05.2013 - 17:15 Uhr
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