net mobile AG
net mobile AG publishes results for the first nine months of 2014
net mobile AG / Key word(s): 9-month figures/Final Results Corporate News net mobile AG publishes results for the first nine months of 2014 – net mobile AG revenues continued to grow for the third Quarter and increased by 37% on the same period last year with revenues of EUR 120.7 million (Q1-Q3 2013: EUR88.3 million). – net mobile AG continued on the path of profitability and finished the first nine months with an EBITDA (before valuation adjustment) of EUR 9.2 million (Q1-Q3 2013: loss of EUR 0.19 million) Dusseldorf, January 9, 2015 – net mobile AG (ISIN: DE0008137852), is a leading international full-service provider of mobile value-added services and payment solutions. The company continued to grow revenues and maintained profitability during the first nine months of 2014 after a difficult 2013. The revenues for the first nine months of 2014 increased by 37% to EUR120.7 million with all segments contributing positively towards growth during the period. The main growth in revenues came from the “Carrier & OTT” and “Reselling” segments which each achieved 39% growth on the same period last year. The increase in gross profit was mainly driven by the high margin segment “Global Business Solutions” where the margin grew by 264% to EUR9.8 million due to significant improved business terms and activity with NTT DOCOMO Inc. (DOCOMO), our majority shareholder. The EBITDA (after valuation adjustments) for the first nine months also improved by EUR9.2 million to EUR7.3 million (Q1-Q3 2013: loss EUR1.9 million). The EBIT improved by EUR11.1 million to a loss of EUR1.3 million (Q1-Q3 2013: loss EUR12.4 million). The equity ratio increased from 10.6% to 11.2% in the first nine months of the year due to an increase in profits and a decrease in total assets. In the first nine months of the year, non-banking operations (excluding net-m Privatbank 1891 AG) generated positive operating cash flow of EUR0.3 million and net financial debt was reduced by EUR 0.9 million to EUR44.5 million. The banking operations of net-m Privatbank 1891 AG generated negative cash flow of EUR45.7 million due to the reduction in customer deposits held by the bank which at the end of the third quarter were around EUR140m. The decline in customer deposits followed a drop in interest rates offered by net-m Privatbank 1891 AG. The third quarter ended for the Group with a negative cash flow of EUR45.4 million with cash and cash equivalents of EUR85.2 million (2013: EUR130.6 million). Outlook The company’s new focus on its successful core areas (in particular the payment business) strengthened and achieved a positive improvement in revenue in these areas in the first nine months of 2014. net mobile’s major shareholder continues to provide strong financial support and assist in the further development of the business. The measures taken by the company have already started to show a positive effect and this improvement is expected to continue in the foreseeable future. This has motivated net mobile’s management to focus on tackling the tasks ahead with the aim to drive cost efficiency and to further strengthen efforts to expand profitable businesses within our core areas. If you have any further questions, we will be most happy to help. We will gladly establish a direct contact to the responsible person at net mobile AG. Contact Person Follow us on Twitter: twitter.com/netmobileag 2015-01-09 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | net mobile AG | |
Fritz-Vomfelde-Str. 26-30 | ||
40547 Düsseldorf | ||
Germany | ||
Phone: | +49 (0)211 970 20-0 | |
Fax: | +49 (0)211 970 20-999 | |
E-mail: | info@net-m.de | |
Internet: | www.net-mobile.com | |
ISIN: | DE0008137852 | |
WKN: | 813785 | |
Listed: | Freiverkehr in Berlin, Hamburg, München (m:access), Stuttgart; Frankfurt in Open Market | |
End of News | DGAP News-Service |
311697 2015-01-09 |