DGAP-News: net mobile AG: performs in the stub period with double-digit growth in all business divisions.
(firmenpresse) - DGAP-News: net mobile AG / Key word(s): Final Results
net mobile AG: performs in the stub period with double-digit growth in
all business divisions.
15.04.2011 / 10:00
---------------------------------------------------------------------
net mobile AG performs in the stub period with double-digit growth in all
business divisions.
- Increase in turnover of 21.1% to EUR 27,123k in relation to the
respective quarter of the previous year
- EBITDA rises by EUR 2,138k to EUR 3,257k in relation to the respective
quarter of the previous year
- Trend-setting product developments and growing demand in the emerging
markets contributed significantly to the positive operating results of
net mobile AG Group
Dusseldorf 15th of April 2011 - The net mobile AG Group (ISIN:
DE0008137852), a leading international full-service provider for mobile and
interactive value-added services, reports a solid performance in the stub
period (1st of October until 31st of December 2010). The positive company's
performance was carried by trend-setting new product developments and a
sustained high demand of the emerging markets.
At the Annual General Meeting the change of the financial year to the
calendar year was decided. In adoption of the resolution the net mobile AG
Group established a stub period of three months. This management report
therefore covers the short financial year from the 1st of October until the
31st of December 2010.
From the perspective of the Executive Board the net mobile AG Group
performed very well in a difficult environment. The Cooperation with NTT
DoCoMo was intensified and generated a positive momentum for the future.
The put sales goals were accomplished largely. In view of the positive
future outlook, the Executive Board decided to increase investments for
innovative developments, which had fiscal effects on the annual net
earnings in respect of a greater write-down.
Trend-setting developments were advanced with the result that the company
considers itself well prepared to meet the future challenges arising from
the increasing spread of smartphones. In respect of innovative payment
solutions, first steps have been taken to significantly enlarge the range
of products and services. In the segment of digital enabling the company
could close several significant content providing contracts.
Due to the stub period of three months the figures are only partly
comparable. Regarding the explanation of the company's development we also
refer to the figures of the period from the 1st of October until the 31st
of December 2009.
The development of revenues is encouraging. The sales in the stub period
increased by 21.1% to EUR 27,123k in relation to the respective quarter of
the previous year. The increase of EUR 1,715k is affected by non-recurring
revenue. The gross margin grew from 22.4% to 24.7% in the stub period,
related to the respective quarter of the previous year. The remaining
increase in revenues was mainly due to the strong and positive development
of activities related to mobile payment, as well as first positive effects
due to the closure of an exclusive world-wide content distribution
contract.
The integration within the NTT DoCoMo Group reduced earnings due to staff
and materials expenses, and was one of the main reasons for the rise in
general administration costs compared to the previous quarter.
The EBITDA developed overall very well. Due to the non-recurring income and
the cost changes described above, the EBITDA for the short financial year
amounted to EUR 3,257k before valuation adjustments, which is an increase
of EUR 2,138k compared to the respective quarter of the previous year.
Depreciation on non-current assets (not including non-current financial
assets) increased significantly to EUR 1,740k mainly due to high
investments. (Respective quarter of the previous year: EUR 1,344k)
The tax expense of EUR 503k mainly relates to the increase in the deferred
tax liability. Overall, the net mobile AG Group reports a net profit of EUR
883k (previous year: consolidated net loss of EUR 209k).
The net mobile AG Group shows cash and cash equivalents of EUR 1,317 k as
of the 31st of December 2010. Essentially as a result of the positive
consolidated net profit, equity increased by EUR 904 k in absolute terms to
EUR 39,422k. The equity ratio declined to 55.7% (previous year: 62.4%), due
largely to the increase in total assets as a result of the high
investments, but remains at a very high level.
The total cash-flow has developed negatively with EUR 3,603k. This is due
to the negative cash-flows related to investments of EUR 2,359k, as well as
to the negative operational cash-flow amounting to EUR 3,143k on the 31st
of December 2010. Respectively the liabilities to banks increased by EUR
2,223k. Besides of cash the Company agreed bank overdraft facilities in the
total amount of EUR 12,000k.
About net mobile AG Group
The net mobile AG Group 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 with a comprehensive service
approach including consulting, design and technical implementations for a
multi-channel 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 and net mobile minick Schweiz AG in Zollikon (Switzerland),
net mobile UK Ltd. in London (UK), net mobile Spain SLU in Madrid (Spain)
and Untitled Media S.A. in Diegem (Belgium). Since December 2009 NTT
DoCoMo is major shareholder, owning more than 80% of net mobile AG shares.
For more information please visit www.net-m.de.
Media Contact
Frank Klabunde
Press Officer
net mobile AG
Zollhof 17
40221 Düsseldorf
Germany
Fon: +49 (0) 211 970 20 - 0
Mobile: +49 (0) 1704479999
Fax: +49 (0) 211 970 20 - 999
E-Mail: Frank.Klabunde(at)net-m.de
Internet: www.net-m.de
End of Corporate News
---------------------------------------------------------------------
15.04.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.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, Hamburg, München (m:access),
Stuttgart; Open Market in Frankfurt
End of News DGAP News-Service
---------------------------------------------------------------------
120105 15.04.2011
Datum: 15.04.2011 - 10:00 Uhr
Sprache: Deutsch
News-ID 33800
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 227 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: net mobile AG: performs in the stub period with double-digit growth in all business divisions."
steht unter der journalistisch-redaktionellen Verantwortung von
net mobile AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
