DGAP-News: Mox Telecom AG: 2009 best year in company history - turnover increases to over EUR100m. EBITDA grows by an above average 72% to EUR6.1m.
(firmenpresse) - Mox Telecom AG / Final Results
09.08.2010 08:50
Dissemination of a Corporate News, transmitted by
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Ratingen, Germany, 09.08.2010.
2009 was a milestone year for the Mox Telecom Group. Group turnover
exceeded the EUR100m mark for the first time while EBITDA for the Group
exceeded EUR6m, also for the first time, and after 12 years of organic
growth the group made its first acquisition. In addition to an increase in
annual turnover of 17.1% to more than EUR100m, EBITDA increased
significantly from EUR3.5m (2008) to EUR6.1m (+72%). This year's success
was based on operating business only and not one-time or special effects.
2009 was the best operational year in company history for Mox: EPS for Mox
AG grew by 168% to EUR1.07 per share. The contributions to operating
income which came from its subsidiary in Dubai allowed Mox AG to grow
annual net profit to EUR4.1 (2008: EUR1.5m). Mox Telecom Arabia doubled
turnover from EUR11.5m in 2008 to EUR27m, and accounted for 27% of Group
turnover. The subsidiary on the Arabian Peninsula contributed EUR4.3m to
the German parent company. Even stronger growth was recorded by Mox
Telecom America Corp: The US-subsidiary recorded in its first year of
business activity a turnover of US$45.6m. Market share in the USA is just
at approximately 1% and there is ample potential for further growth.
The basis for the increase in results was the clearly increased turnover of
Mox Arabia and Mox America. Most notably, the subsidiary company in Dubai
made an above average contribution to the margin growth. The increased
results were also influenced by the positive economies of scale from the
optimized fixed cost structure. The strategic upgrading of the service team
in Sibiu (Romania) und Chisinau (Moldova) also added to the optimization of
fixed costs.
After the capital increase in September 2009, Mox Telecom AG had an equity
ratio of 51 (45) %. The book value per share on 31.12.09 amounted to
approx. EUR4.50. Net profit for the Group grew simultaneously by 48% to
EUR3.2m (previous year EUR2.1m). The final figures are thereby
significantly higher than the provisional values which were published on
3rd March. Also in 2010, Mox aimed - as it has done
without exception since 2004 - to pay a dividend to shareholders.
Management plans further acquisitions for 2010. In this regard, a dividend
of EUR0.10 per share is proposed for the AGM.
Overall in 2010, the Group sold more than 35m calling cards - this equals
over 12m end customers worldwide. It opens up a mammoth potential for the
marketing of new Mox services such as the Mox MasterCard(R) , a prepaid
credit card.
With the acquisition of the IPS AG in autumn 2009, the Mox Group has
significantly expanded it's product portfolio. The company, located in
Sarnen, Switzerland offers the Mox MasterCard(R) card, a cost-effective and
very competitive alternative for migrants who transfer money to their home
countries. The roll out of the Mox MasterCard(R) card in Germany is planned
for the third quarter of 2010, with Austria, Greece and France to follow.
Due to attractive and substantially higher margins, it is expected that the
product will makea noteworthy contribution to the overall operating income
as early as 2011.
Forecast:
Growth in turnover will be consistently pursued and turnover volume is
expected to exceed the EUR115m mark by the end of 2010. Due to the fixed
cost degression, it is further expected that the result will make an above
average contribution to the turnover. Earnings per share of between EUR1.15
and EUR1.30 are expected, so long as there are no extraordinary
pressurising circumstances affecting the global economy. Expected growth is
to be generated by the existing entities within the Mox Group. More
significant (inorganic) growth is a probability pending further
acquisitions.
About bout Mox Telecom:
The Mox Telecom Group is a global provider of international telecoms
services focused on developing needs-based telecommunication products to
facilitate low-cost, high-quality, international telephony. The company's
focus is on meeting the demands of target groups who have a requirement for
affordable, operational and user-friendly global telephony. The company,
founded in 1998, specialised early on in the development and sale of
pre-paid telecommunication services. Mox Telecom has since gone on to
establish itself as a leading provider in the market. In addition to its
main business activity, the calling card, the company has diversified,
particularly in the area of cellular telephony and international money
transfer with a focus on the ethnic consumer base. Alongside Germany and
several other European countries, Mox, currently in its twelfth year,
operates successfully in the USA, Canada, Australia, South Africa, Middle
East and Southeast Asia.
Further information can be found at www.mox.de and www.prepaysolution.com.
International Securities Identification Number: MOX Telecom AG - WKN: 660
580 ISIN: DE0006605801
IR/PR&Marketing
Mox Telecom AG
IR(at)mox.de
Bahnstrasse 43-45
40878 Ratingen, Germany
T: +49 2102 - 8636-15
F: +49 2102 - 8636-56
09.08.2010 08:50 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Mox Telecom AG
Bahnstraße 43-45
40878 Ratingen
Deutschland
Phone: +49 (0)2102 8636 - 0
Fax: +49 (0)2102 8636 - 20
E-mail: info(at)mox.de
Internet: www.mox.de
ISIN: DE0006605801
WKN: 660580
Listed: Freiverkehr in Düsseldorf, Stuttgart; Entry Standard in
Frankfurt
End of News DGAP News-Service
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Datum: 09.08.2010 - 08:50 Uhr
Sprache: Deutsch
News-ID 31913
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