Press Release

asknet publishes figures for the first half of 2014

+++ Revenues and gross profits above prior year level +++ Further improvement in operating result +++ Outlook: At least a balanced result in spite of planned investments

Karlsruhe, August 15, 2014 – asknet AG has published its figures for the first half of 2014. In the first six months of the year, the leading supplier of global e-commerce solutions for software and digital media companies generated consolidated sales revenues of 42.35 million euros, up 6.2 percent on the same period of the previous year. asknet Group’s gross profits increased by 4.8 percent on the prior year period to 5.26 million euros. This breaks down into 3.62 million euros for the eDistribution segment and 1.64 million euros for the ePortals segment.

asknet Group’s revenue and gross profit growth in the first six months of 2014 is mainly the result of the positive performance of the ePortals segment, which benefited from the strategic partnership with IBM in the field of research and education as well as from the nationwide Microsoft Campus licenses for universities, university hospitals and other research and educational institutions. Accordingly, the business segment’s sales revenues and gross profits increased sharply by approx. 18 percent and 28 percent, respectively, compared to the prior year period. By contrast, the Group’s eDistribution merely moved sideways. The weaker performance of some of the business segment’s top-selling existing customers had an impact in the reporting period, while the e-commerce activities in related business areas had a positive effect.

Due to the good overall development in the reporting period, asknet Group again improved its operating result. Earnings before interest and taxes (EBIT) totalled 42.9 thousand euros, while earnings before taxes (EBT) amounted to 43.2 thousand euros. The Group’s first-half earnings after interest and taxes came in at 42.0 thousand euros. In the same period of the previous year, the Group had posted a net profit of 14.9 thousand euros.

“We are pleased with the successful first half and expect gross profits to pick up moderately again also in the current fiscal year. In spite of planned investments in the technological further development of asknet’s product range aimed at preserving the company’s competitiveness and, hence, at securing its long-term success, we assume at least a balanced result for the full year 2014,” said Michael Konrad, CEO of asknet AG.

The 2014 interim report of asknet AG is available on the company’s website at www.asknet.com as of today.

 

HY1 2014

HY1 2013

Sales revenues

€ 42.35 million

€ 39.86 million

Gross profits

€ 5.26 million

€ 5.02 million

EBIT

€ 42.94 thousand

€ 14.81 thousand

EBT

€ 43.18 thousand

€ 17.16 thousand

Net profit/loss for the year

€ 42.02 thousand

€ 14.94 thousand

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.