EANS-News: asknet AG
asknet AG records gains in third quarter of 2009
Karlsruhe (euro adhoc) -
- Gross profits of 2.4 million euros in third quarter of 2009 (+11 percent compared to same period of previous year) - Groups net loss cut by 52 percent over nine month period (from -2.42 million euros in 2008 to -1.15 million euros in 2009) - Jump in earnings predicted for fourth quarter
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quarterly report
Subtitle: - Gross profits of 2.4 million euros in third quarter of 2009 (+11 percent compared to same period of previous year) - Groups net loss cut by 52 percent over nine month period (from -2.42 million euros in 2008 to -1.15 million euros in 2009) - Jump in earnings predicted for fourth quarter
Karlsruhe, November 13, 2009 - asknet AG, which recently was named in the Deloitte Touche Tohmatsu "Technology Fast 50" ranking of the fastest-growing technology companies in Germany, has released its financial figures for the third quarter of 2009. The company is a leading provider of outsourcing solutions for the global electronic software distribution (ESD) industry.
The asknet Group posted sales of 49.4 million euros in the first nine months of the year. The Group's gross profits rose by 6 percent over the first 9 months of 2009 to 6.9 million euros; in the third quarter of 2009 they were 11 percent higher than in the same quarter of the previous year, increasing to 2.4 million euros. The gross profit margin of the Group was 14 percent in the first nine months of the year. At -1.15 million euros, the Group´s net loss was significantly lower than in the previous year, when it totaled -2.42 million euros.
Despite difficult economic conditions, the Executive Board of asknet AG is confident that the Group´s strong performance will continue in the fourth quarter of 2009. "In addition to positive signs in our core area of business, outsourcing solutions for global electronic software distribution, we also anticipate a year-end seasonal upturn in business with our regular clientele, institutes of higher learning and computer centers in the German-speaking countries," says Michael Konrad, CEO of asknet AG. "For this reason, we predict a further jump in earnings in the fourth quarter of 2009."
The asknet AG report on the third quarter of 2009 is available starting today on the company website, www.asknet.com.
About asknet asknet offers its clients customized outsourcing solutions for global software sales via the Internet. Founded in 1995 as a spin-off of the University of Karlsruhe, one of Germany´s most prestigious technical universities, the company has become the number two independent global provider for electronic software distribution. In addition to its fully integrated shop solutions for software publishers, the company develops and maintains portals for software distribution such as softwarehouse.de, one of Europe's largest. In 2008, asknet had sales of approximately 74.7 million euros. In 2009 the Karlsruhe company was named in the Deloitte Touche Tohmatsu "Technology Fast 50"ranking of the fastest-growing technology firms in Germany. Among its clients are well-known providers of specialty software such as CollabNet, DivX, Ipswitch, F-Secure, Nero, Panda Security, Steganos, and NetObjects. asknet supplies software products to around eighty percent of German universities.
Contact asknet AG Kirsten Neininger phone: +49 (0)721.96458-6399 eMail: kirsten.neininger@asknet.com
asknet, Inc. Bernard Haug Phone: +1 (415) 352-2622 eMail: bernard.haug@asknet.com www.asknet.com
end of announcement euro adhoc
Further inquiry note:
Kirsten Neininger
Corporate Marketing Manager
Telefon: +49 (0) 721 96 458 6399
e-mail: kirsten.neininger@asknet.de
Branche: Electronic Commerce
ISIN: DE0005173306
WKN: 517330
Börsen: Frankfurt / free trade/entry standard
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