net mobile AG
net mobile AG: continues its course of success
net mobile AG / Key word(s): Final Results
PRESSEMITTEILUNG – PRESS RELEASE net mobile AG continues its course of success Sales increased by 17 percent to EUR 125 thousand Düsseldorf, 31st of May 2013 – net mobile AG (ISIN:DE000813852), a leading international full-service provider for mobile value-added services and payment solutions announced its results for the business year 2012 today. The company was founded in November 2000 and is regarded as innovation leader today. It was the first market player who could position itself with its own full banking licence. Furthermore, net mobile AG also provides apps for smartphones and complete solutions for white label app stores. Its more than 500 customers worldwide include national and global mobile telecommunications providers, media companies, portals, branded companies and TV channels for which it provides end-to-end mobile interactive TV services. The full acquisition of net-m privatbank 1891 AG, Düsseldorf (formerly Bankverein Werther AG, Bielefeld) could be reached as planned in the 2012 financial year. The Executive Board is satisfied with the development in the past financial year. Earnings improved significantly against the previous year. The continued growth and the significant improvement in the gross profit margin are encouraging. All in all, the group enjoyed a positive development. Sales increased by EUR 18,116 thousand or around 17 percent to EUR 124,764 thousand. Especially the sale of digital goods has contributed to this development. Encouraging are the corporations with mobile network operators and Google. net-m privatbank 1891 AG contributed sales of EUR 2,529 thousand in the 2012 financial year (previous year: 601). Staff costs increased by EUR 4,653 thousand to EUR 18,930 thousand, due to the fact that the net-m privatbank 1891 AG was fully consolidated for the complete year. The year-on-year depreciation and amortisation expenses declined by EUR 5,109 thousand as no additional write-downs were required due to the market environment (contents for old types of mobile phones). The year-on-year net financial income improved by EUR 527 thousand to EUR -847 thousand, mainly because of the decrease of foreign currency losses amounting to EUR 56 thousand (previous year: EUR 476 thousand) as well as the extraordinary depreciation in the previous year, which was necessary for the carrying amount of unconsolidated shares in affiliated companies and loans on these companies amounting to EUR 305 thousand. Additionally the interest result deteriorated to a result of EUR -790 thousand (previous year: EUR -601) and partly compensated the positive development. The development of the EBIT was satisfying with an increase of 12,709 thousand to EUR 102 thousand. Accordingly, the consolidated result for the year improved significantly by EUR 9,539 thousand to EUR -962 thousand. The improvement of the innovation leader position requires large investments. In the 2012 financial year, the company maintained its high level of investment in property, plant and equipment and intangible assets. Total investments excluding investments in financial assets amounted to EUR 19,985 thousand (previous year: EUR 9,123 thousand). Investments in financial assets amounted to EUR 2,128 thousand (previous year: EUR 2,392 thousand). In the year under review, net mobile AG resolved to issue 218,229 shares as part of a capital increase. DOCOMO Deutschland GmbH subscribed the shares at a purchase price of EUR 7.79 per share, meaning that the issue price was higher than the current market price and the average market price for the last ten days prior to the announcement of the capital increase. The subscribed capital of net mobile AG will increase from EUR 12,229,987 thousand to EUR 12,448,207 thousand as a result. As the capital increase only came into force with its entry into the commercial register in 2013, there was no change in subscribed capital compared with the previous year. Therefore, total equity amounted to EUR 54,968 thousand (previous year: EUR 56,298 thousand). This includes a consolidated net loss of EUR 962 thousand (previous year: EUR 10,501 thousand). The equity ratio declined from 42.9 percent to 35.1 percent as a result of the significant increase in total assets. In addition to substantial investments, the rise in total assets resulted from the increase in loans to affiliated companies and the higher level of customer deposits at net-m privatbank 1891 AG. The net mobile group closed the 2012 financial year with a net cash flow from operating activities of EUR 4,983 thousand (previous year: 437). Net cash flow from investing activities was negative again and amounted to EUR 20,924 thousand (previous year: 8,050), while net cash flow from financing activities was with EUR 21,600 (previous year: 30,727) positive. In total the group’s cash and cash equivalents increased by EUR 5,665 thousand to EUR 30,827 thousand. Outlook The main shareholder also supports the chosen path of systematically orienting the company towards the challenges of tomorrow by addressing primarily the new opportunities presented by smartphones. At the time of writing, the group’s development and its complete focus on new technologies are not yet complete and will continue impacting the earnings over the coming financial years. Important growth opportunities for the group come from the growing cooperation’s with mobile network operators and OTT-players such as Google, payment systems (credit cards, direct debit and mobile operator payments) as well as the distribution of content on the Internet. For the business year 2013 the group is expecting increasing transaction volumes. Due to other accounting rules a slight decline in revenue is expected. In the light of the company’s overall orientation, the management is forecasting negative earnings amounting to a few million euros and reduced sales for 2013. Following the completion of its reorientation, the company expects to return to higher sales and positive earnings in 2014. The full annual report will be available on the web side: www.net-m.de at the 7th of June 2013 About net mobile AG If you have any further questions do not hesitate in contacting us. We are also happy to make a direct contact with our company directors for you. Media contact
End of Corporate News 31.05.2013 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 | ||
Germany | ||
Phone: | +49 (0)211 970 20-0 | |
Fax: | +49 (0)211 970 20-999 | |
E-mail: | info@net-m.de | |
Internet: | www.net-m.de | |
ISIN: | DE0008137852 | |
WKN: | 813785 | |
Listed: | Freiverkehr in Berlin, Hamburg, München (m:access), Stuttgart; Frankfurt in Open Market | |
End of News | DGAP News-Service |
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