asknet publishes figures for the 2007 business year
- Sales revenue of EUR 64.9 million (+55%)
- Service revenue up 42% to EUR 8.8 million
- Ope
Rating results (EBIT) improved but still negative
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companies/annual figures
Karlsruhe (euro adhoc) - 31 March 2008 -
ASKNET AG, one of the
leading providers of outsourcing solutions for global software
distribution via the Internet (Electronic Software Distribution -
ESD), has published its figures for the 2007 business year.
The asknet Group generated EUR 64.9 million in sales revenue in the
2007 business year, which represents an increase of approx. 55%
compared to the same period of the previous year. The Group´s service
revenue increased by 42% to EUR 8.8 million, from EUR 6.2 million in
2006. The service revenue margin for the Group was 14%. The asknet
Group thus continued its successful growth course in 2007 and
achieved its scaling objectives. The marked increase in both sales
and service revenues results from the positive development of
business with major existing US and European customers, as well as to
the widening of the customer base in the eDistribution network
segment. Operating results (EBIT) stood at EUR -3.0 million compared
to EUR -4.0 million for the same period of the previous year. After
interest and tax, the company showed a net loss of EUR 2.7 million
for the year at the Group level, which represents a significant
reduction of the the previous year´s loss of EUR 5.8 million.
In the 2007 business year, asknet processed a total of approx.
1,270,000 online transactions, a plus of 565,000 or 80%. The major
part of this increase was generated by the eDistribution network
segment, where asknet designs and operates online shops mostly for
software manufacturers. In terms of sales achieved, Germany continues
to be the most important market, although the growing share of sales
generated with end customers abroad in 2007 reflects the increasingly
international orientation of the Group. Doubling sales in the North
American market from EUR 7.9 million to EUR 16.2 million once again
significantly increased the proportion of sales achieved in the US
market from 19% to 25%. This development results from the Group´s
vigorous drive for internationalisation over the past few years, in
particular from enhancing its presence in the US office in San
Francisco and the related marked increase in sales activities in the
North American market.
All in all, the asknet Group sees itself in an excellent position in
the highly attractive market for electronic software distribution,
primarily because of its flexible technology platform and its
worldwide presence. For 2008, the management also expects sales
revenue to grow by at least 40%, as well as a marked increase in the
service revenue. Results are expected to again significantly improve
compared to the previous year.
The consolidated financial statements as well as the annual financial
statements of asknet AG are available as of today from the company´s
website on www.asknet.de. The publication of the annual report for
2007 is scheduled for late April 2008.
About asknet: asknet AG, (Frankfurt A5A) leading in Global eCommerce,
accelerates eSales for publishers in the digital marketplace. Since
1995, the company has developed a robust eCommerce platform for
customers around the world. As media is rapidly transitioning to
digital formats, the marketing, sales, distribution, and services of
these products are also moving online. The ever expanding reach from
fixed and mobile customers all around the globe is pushing companies
to perfect their eDistribution. asknet delivers an instant online
distribution channel to its customers.
end of announcement euro adhoc
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ots Originaltext: asknet AG
Im Internet recherchierbar: http://www.presseportal.de
Contac
t:
asknet AG
Daniela S
imon
Phone: +49/721/96458-6112
E-mail: daniela.simon@asknet.de
Branche: Electronic Commerce
ISIN: DE0005173306
WKN: 517330
Börsen: Börse Frankfurt / free trade/entry standard
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