asknet publishes business figures for the first half of 2013
Karlsruhe, August 15, 2013 – asknet AG has announced its business figures for the first six months of 2013. The leading supplier of global e-commerce solutions for software and digital media companies generated consolidated sales revenues of 39.9 million euros in the first half of 2013, up 19 percent on the same period of the previous year. At 5.0 million euros, asknet Group’s gross profits increased by over 6 percent compared to the first half of 2012. This breaks down into 3.7 million euros for the eDistribution segment and 1.3 million euros for the ePortals segment.
Both business segments of asknet Group delivered a positive performance in the reporting period. The eDistribution segment continued its growth, with sales revenues and gross profits up by approx. 15 percent and approx. 7 percent, respectively, on the first half of 2012. While last year’s trend in the ePortals segment was negative, asknet’s academic software portals returned to growth in the first six months of 2013, reporting an impressive 29 percent increase in sales revenues. Gross profits rose by approx. 5 percent.
Due to the good business trend in the first six months of 2013, the Group posted a positive half-year result. Both earnings before interest and taxes (EBIT) and net profit after interest and taxes were up by 102 thousand euros on the previous year to 15 thousand euros. The weaker yen shaved off 99 thousand euros of the result in the first half of the year. A future currency risk is meanwhile hedged by currency forwards.
“We are very pleased with the positive business developments in the first six months of the year. In light of the good conditions for the sector, we are confident that we will be able to improve our operating results as projected for the full year 2013,” said Michael Konrad, CEO of asknet AG.
The half-year report 2013 of asknet AG is available on the company website here.
Selected key performance indicators of asknet Group
€ 39.9 million
€ 33.5 million
€ 5.0 million
€ 4.7 million
€ 14.84 thousand
€ -87.0 thousand
€ 17.2 thousand
€ -73.1 thousand
Net profit/loss for the year
€ 14.9 thousand
€ -87.1 thousand
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 and won the IBM Bestseller Award 2012. asknet offers students a wide range of software downloads for personal use through its leading Internet platform “studyhouse.biz”. asknet’s customers include numerous providers of specialty software including ABBYY, CyberLink, F-Secure, 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 2012 the company’s transaction revenues amounted to more than 90 million euros. For more information, visit www.asknet.com.