asknet Publishes Business Figures for the First Half of 2012
Karlsruhe, San Francisco, August 15, 2012 – asknet AG, a leading supplier of global eCommerce solutions for software and digital media companies, has announced its business figures for the first half of 2012. In the first six months of 2012, the Group generated sales revenues of 33.45 million euros, which is 2.8 percent more compared to the prior year’s figure. asknet Group’s gross profits in the reporting period dropped by 0.28 million euros to 4.71 million euros compared to the first half of 2011, of which 3.50 million euros were contributed by the eDistribution segment and 1.21 million euros by ePortals. The slight drop in gross profits resulted from the weaker business performance in the first quarter of the year as well as a smaller share of project sales and a slightly different customer and product portfolio.
The effects of streamlining the organizational structures, which was completed last year, have already resulted in a sustained drop in operating costs. Consequently, the asknet Group’s operating result (EBIT) improved significantly year on year in the first half of 2012, and amounted to -0.09 million euros. Earnings before taxes (EBT) came to -0.07 million euros. After interest and taxes, asknet made a slight loss in the first six months of 0.09 million euros. asknet closed the end of the first half of the year with a strong second quarter. In the period from April to June 2012 the Group improved its sales and gross profits as well as operating result compared to the previous year. This marks asknet’s return to a growth path.
"We are very pleased with the positive business developments in the second quarter. In light of the good general conditions in the industry, we are confident that we will improve our operating result and reach break-even for the full year, as forecasted for 2012”, said Michael Konrad, Co-CEO of asknet. The half-year report 2012 of asknet AG is available here on the company website.
Selected key performance indicators of asknet Group
€ 33.45 million
€ 32.55 million
€ 4.71 million
€ 4.99 million
€ -0.09 million
€ -1.03 million
€ -0.07 million
€ -1.77 million
Net profit/loss for the year
€ -0.09 million
€ -1.77 million
asknet is a global leader of customized e-commerce solutions that enable merchants to sell to customers in more than 190 countries worldwide. Top software publishers such as ABBYY, CyberLink, F-Secure, Nero, NetObjects, Norman, Panda Security and Steinberg Media Technologies rely on asknet's e-commerce gateway to globally and securely distribute their software and digital media. 80% of German universities use asknet’s portals to distribute their software to students and both Adobe and Microsoft leverage asknet as large account reseller to serve the academic market in Germany. asknet’s studyhouse.biz portal is the top internet destination for students to download a wide range of software. asknet was founded in 1995 as a spin-off of the Karlsruhe Institute of Technology (KIT, formerly the University of Karlsruhe). Transaction revenues amounted more than 90 million Euros in 2012. For more information, visit www.asknet.com.