Press Release

asknet publishes 2013 Annual Report

+++ Sales revenues and gross profits above prior year level +++ Operating result continues to improve +++ Outlook: Result at prior year level in spite of planned investments

Karlsruhe, April 30, 2014 – asknet AG, a leading supplier of global e-commerce solutions, has published its Annual Report for the year 2013. In the year under review, the Group generated consolidated sales revenues of 82.21 million euros, up by approximately 10 percent on the previous year. Gross profits climbed about 3 percent to 10.38 million euros, of which 7.54 million euros were generated by the eDistribution segment and 2.84 million by the ePortals segment. The Group’s profit margin (in terms of transaction revenues) amounted to 10.8 percent.

Thanks to the good business trend in the reporting period, the asknet Group again improved its operating result, thus meeting its forecast for the full year. Earnings before interest and taxes (EBIT) amounted to 0.24 million euros. Earnings before taxes (EBT) also reached 0.24 million euros. The Group’s net profit after interest and taxes totalled 0.23 million euros, compared to 0.08 million euros in 2012.

As of December 31, 2013, asknet Group’s total assets declined to 13.07 million euros, compared to 13.51 million euros in 2012. Total equity increased in the reporting period, namely from 3.61 million euros to 3.80 million euros, corresponding to an equity ratio of approximately 29 percent. asknet Group’s liquid assets amounted to 4.90 million euros on the reporting date December 31, 2013, compared to 6.58 million euros at the end of 2012. The Group’s inventories increased from 0.34 million euros to 1.01 million euros, which is primarily attributable to the launch of the partnership with IBM in the ePortals segment. Liabilities of asknet Group declined by 2.22 million euros to 6.25 million euros, of which approximately 83 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 -1.53 million euros, which is mainly due to temporary shifts in working capital.

The 2013 Annual Report of asknet AG is available here (set Link).

Selected key performance indicators of asknet Group

2013

2012

Sales revenues

€ 82.21 million

€ 74.82 million

Gross profits

€ 10.38 million

€ 10.12 million

EBIT

€ 0.24 million

€ 0.09 million

EBT

€ 0.24 million

€ 0.10 million

Net profit/loss for the year

€ 0.23 million

€ 0.08 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.