DGAP-News: net mobile AG reports solid start into the fiscal year 2011
(firmenpresse) - DGAP-News: net mobile AG / Key word(s): Quarter Results
net mobile AG reports solid start into the fiscal year 2011
31.05.2011 / 15:00
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net mobile AG reports solid start into the fiscal year 2011
- Sales increase of 7.4 percent to EUR 23,981k
- net mobile AG expects double-digit organic growth in 2011
Dusseldorf, 31st of May 2011 - net mobile AG (ISIN: DE0008137852), a
leading international full-service provider for mobile and interactive
value-added services, reports for the first quarter a solid start to the
financial year 2011.
Sales increased in relation to the same period of the previous year by EUR
1,656k or 7.4 % to a total of EUR 23,981k (1st quarter 2010 EUR 22,325k).
All business divisions of net mobile AG contributed to this success.
Earnings before interest and taxes (EBIT) decreased in the first three
months of the current financial year by EUR 1,803k to EUR -2,091k compared
to the relevant quarter of the previous year. Due to the exchange rate
related worsened financial result of EUR -41k (relevant quarter of the
previous year EUR +202k) as well as taxes of EUR 353k (relevant quarter of
the previous year EUR -288k) this resulted to a deficit in the current
reporting period of EUR 1,779k. This totals to an overall decrease of EUR
1,960k in comparison to the relevant quarter of the previous year.
The result was financially burdened by integration expenditures and costs
for reorganisation through the major shareholder NTT DoCoMo. Furthermore,
depreciation increased by EUR 790k as a result of investments undertaken.
Currency fluctuations of the none euro-zone consolidated MINICK companies
had a greater impact during this reporting period on the net financial
income.
The company's capital decreased by EUR 1,900k in the reporting period, due
to the negative quarterly result and now totals to EUR 37,470k. With 53.1
percent, the equity ratio remains still at a very high level. The company's
cash and cash equivalents total to EUR 1,520k. The short-term liabilities
to banks in the amount of EUR 325k include a remainder of a bank-loan which
will be paid within the next twelve months.
Outlook
Despite a challenging market environment net mobile AG reports a solid
start into the financial year 2011. The Executive Board is confident to
once again outperform the relevant markets in 2011 and expects an increase
in organic sales growth of approximately 15 percent.
Overall, the company expects a significant growth in sales and earnings
over the next few years. Investments and the integration within the NTT
DoCoMo Group will place a considerable burden on net earnings in the
current reporting period of 2011. The Executive Board expects despite a
considerable increase in sales that this will result to a negative earnings
development in 2011 of a middle single-digit negative million.
As essential factors for success in the future, the Executive Board
identified the closer cooperation with the major shareholder NTT DoCoMo as
well as new innovations for mobile payment solutions and the further
expansion of digital content distribution in the emerging telecommunication
markets.
For the consolidated interim financial statement and further information
please visit: http://www.net-m.de/en/investors/profile.html
About net mobile AG
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 Zurich (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 Dusseldorf
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
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31.05.2011 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,
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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
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
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126856 31.05.2011
Datum: 31.05.2011 - 15:00 Uhr
Sprache: Deutsch
News-ID 34281
Anzahl Zeichen: 0
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Kategorie:
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