asknet publishes business figures for the first nine months of 2013
Karlsruhe, November 15, 2013 – asknet AG has announced its business figures for the first nine months of 2013. The leading supplier of global e-commerce solutions generated consolidated sales revenues of 58.86 million euros in the reporting period, up approx. 12 percent on the same period of the previous year. asknet Group’s gross profits in the reporting period rose by approx. 4 percent to 7.39 million euros compared to the first nine months of 2012, of which 5.47 million euros were contributed by the eDistribution segment and 1.92 million euros by ePortals.
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. 12 percent and approx. 3 percent, respectively, on the first nine months of 2012. While last year’s trend in the ePortals segment was negative, asknet’s academic software portals returned to growth in the first nine months of 2013, reporting a roughly 13 percent increase in sales revenues. Gross profits rose by approx. 9 percent. The good business performance in the reporting period is reflected in a positive nine-month result. Earnings before taxes (EBT) amounted to 22 thousand euros, having improved by 87 thousand euros compared to the same period of the previous year. After interest and taxes, asknet Group posted a net profit for the period of 20 thousand euros.
As of September 30, 2013, asknet Group’s total assets declined to 10.90 million euros, compared to 13.51 million euros at the end of 2012. At 3.59 million euros, total equity remained almost unchanged from the 3.61 million euros reported at the end of 2012; this corresponds to an equity ratio of 33 percent. asknet Group’s liquid assets amounted to 4.79 million euros on the reporting date September 30, 2013, compared to 6.58 million euros at the end of 2012. asknet Group’s liabilities decreased by a substantial 4.63 million euros to 3.84 million euros, of which approx. 82 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 -1.68 million euros, reflecting the reduction of liabilities.
“We are very pleased with the positive business developments of our two business segments in the first nine months of the year. Our business performance in the year to date is within the planned range and we are confident – not least thanks to the good conditions for the sector – 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 nine-month 2013 financial figures of asknet AG are available on the company website here.
Selected key performance indicators of asknet Group:
Jan. 1 - Sept. 30, 2013
Jan. 1 - Sept. 30, 2012
€ 58.86 million
€ 52.32 million
€ 7.39 million
€ 7.08 million
€ 19.2 thousand
€ -82.7 thousand
€ 22.1 thousand
€ -65.3 thousand
Net profit/loss for the year
€ 19.5 thousand
€ -80.0 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 and licensing products 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.