Press Release

asknet publishes figures for Q1 2015

- Guidance for full year 2015 confirmed

- Sales revenues and gross profits below prior year level as expected

- Net loss for the period, as announced, negative at -0.17 million euros

Karlsruhe, May 15, 2015 – asknet AG, a leading supplier of global e-commerce solutions, has announced its business figures for the first three months of 2015. As had been expected, results were below the prior year level due to the decline in the business volume with existing customers of the Digital segment, which already started in the previous year, and the fact that the sales performance is usually lower in the first half of the year. In the first three months of the year, the company generated consolidated sales revenues of 16.74 million euros, down approx. 22 percent on the first quarter of 2014. The resulting gross profits of asknet Group, however, declined by only 16 percent compared to the prior year period to 2.32 million euros, of which 1,43 million euros was attributable to the Digital Goods segment, 0.17 million euros to the Physical Goods segment (formerly collectively eDistribution) and 0.72 million euros to the Academics (formerly ePortals) segment. 

Earnings before interest and taxes (EBIT) and earnings before taxes of the Group each amounted to -0.17 million euros. After interest and taxes, asknet Group posted a net loss for the period of -0.17 million euros. While this means that the result was below the prior year level, forward-looking cost management helped asknet to reduce the Group’s total costs by roughly 9 percent and thus to halve the reduction in earnings. 

asknet Group’s total assets declined to 10.29 million euros as of March 31, 2015, compared to 17.72 million euros at the end of 2014. The drop in total assets is mainly attributable to an increased business volume in Q4 2014 and trading transactions that were not fully processed. After completion of the transactions, total assets declined again in the first quarter. Cash and cash equivalents as well as trade payables, which had also increased temporarily as a result, also declined again as of the end of the quarter. As of March 31, 2015, asknet Group’s cash and cash equivalents amounted to 3.34 million euros, compared to 7.47 million euros at the end of 2014. At -4.19 million euros, the Group’s operating cash flow was negative due to the decline in liabilities and provisions. Equity remained almost constant at 3.78 million euros, compared to 3.92 million euros at the end of 2014. The equity ratio climbed from 22 percent to 37 percent in the reporting period.

On the occasion of the publication of the figures for the first quarter, the Executive Board of asknet AG confirmed the guidance for the financial year 2015. In view of the traditionally stronger second half-year, an almost constant gross profit, a moderate increase in gross profit margin as a percentage of transaction revenues and balanced earnings before taxes (EBT) are projected for the full year. The positive effects of the expanded business and sales activities should then be felt more strongly in 2016. 

asknet AG’s consolidated financial statements for Q1/2015 are available on the company’s website here.

Q1 2015

Q1 2014

Sales revenues

16.74 million euros

21.58 million euros

Gross profits

2.32 million euros

2.77 million euros

EBIT

-0.17 million euros

0.03 million euros

EBT

-0.17 million euros

0.03 million euros

Net profit / net loss

-0.17 million euros

0.03 million euros

About asknet
asknet, a pioneer in the development of global e-commerce solutions, offers extensive expertise and individual shop solutions to ensure worldwide electronic distribution of products of all kinds 24/7 in more than 190 countries. Customers benefit in selling digital and physical goods from both the possibility of handling a variety of international payment and logistics processes as well as the extensive experience of the company in the development and operation of successful e-commerce platforms. 

Founded in 1995 as a spin-off of the Karlsruhe Institute of Technology (KIT) the company is also a partner of around 80 percent of German universities and research institutions. Here asknet offers as a large account reseller for manufacturers such as Adobe and Microsoft a comprehensive range of software licenses and services related to the procurement and distribution of software. In addition, asknet distributes via the established internet platform "studyhouse.de" a wide range of software to students. In 2014 the company generated transaction revenues of more than 100 million euros. For more information, visit www.asknet.com.

Press Contact
asknet AG
Madeleine Clark
+49 (0)721 96458-6116
investorrelations@asknet.com