Pressemeldung

asknet publishes business figures for Q1 2014

+++ Good start to year 2014 +++ Sales revenues and gross profits up on prior-year period +++ Positive quarterly result

Karlsruhe, May 15, 2014 – asknet AG has announced its business figures for the first quarter of 2014. The leading supplier of global e-commerce solutions reports a good start to the financial year 2014. In the first three months of 2014, the Group generated consolidated sales revenues of 21.58 million euros, up 5.8 percent on the same quarter of the previous year. asknet Group’s gross profits in the reporting period rose by 3.5 percent to 2.77 million euros compared to the first three months of 2013, of which 2.01 million euros were contributed by the eDistribution segment and 0.76 million euros by ePortals. The growth in revenues and gross profits during the reporting period is primarily attributable to the partnership with IBM in the ePortals segment. In the context of the strategic partnership with IBM in the field of research & education, asknet provides academic institutions with its SPSS ResearchPack and SPSS StudyPack business intelligence solutions at special terms. This gives asknet access to potential new customers in need of information management and predictive analytics solutions.

Thanks to the good business trend in the reporting period, the asknet Group again improved its operating result. Earnings before interest and taxes (EBIT) amounted to 0.03 million euros. Earnings before taxes (EBT) also reached 0.03 million euros. After interest and taxes, asknet Group posted a net profit of 0.03 million euros for the first three months of 2014.

As of March 31, 2014, asknet Group’s total assets declined to 11.63 million euros, compared to 13.07 million euros at the end of 2013. Total equity increased moderately in the reporting period, namely from 3.80 million euros to 3.84 million euros, corresponding to an equity ratio of approximately 33 percent. asknet Group’s liquid assets amounted to 4.28 million euros on the reporting date March 31, 2014, compared to 4.90 million euros at the end of 2013. Liabilities of asknet Group decreased by 1.36 million euros to 4.89 million euros, of which approximately 88 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 -0.61 million euros, reflecting the reduction of liabilities.

“We are delighted with the results of the first quarter, which confirms our forecast for the current fiscal year. On this basis, we will promote the product development and expansion of the merchandising business in 2014. Due to the ongoing growth momentum and according to present estimates, the expansion investments will not lead to any deterioration in earnings in the current fiscal year", said Michael Konrad, CEO of asknet AG. In March asknet once again received the “Software Made in Germany” seal of quality from Bundesverband IT-Mittelstand, a German association of small and medium-sized IT enterprises, proving the high quality of its software solutions.

 

Q1 2014

Q2 2013

Sales revenues

€ 21.58 million

€ 20.4 million

Gross profits

€ 2.77 million

€ 2.67 million

EBIT

€ 0.03 million

€ 0.03 million

EBT

€ 0.03 million

€ 0.03 million

Net profit/loss for the year

€ 0.03 million

€ 0.03 million

About asknet
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. asknet offers students a wide range of software downloads for personal use through its leading Internet platform „studyhouse.de“. asknet’s customers include numerous providers of specialty software and licensing products including ABBYY, CyberLink, F-Secure, HBO, 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 2013 the company’s transaction revenues amounted to around 96 million euros. For more information, visit www.asknet.com.