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DGAP-News: Asknet Reverses Four Years of Business Decline and Reports 30% Topline Growth Under New Ownership and Management

DGAP-News: asknet AG / Key word(s): Annual Results/Forecast


Asknet Reverses Four Years of Business Decline and Reports 30% Topline Growth Under New Ownership and Management


17.05.2019 / 09:00



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Asknet Reverses Four Years of Business Decline and Reports 30% Topline Growth Under New Ownership and Management



Sales revenues up by 30 percent to 85.84 million euros




Gross profit rises by 13 percent to 9.65 million euros




First year of growth since 2014 driven by profound changes at asknet AG following acquisition of majority ownership by The Native SA in November 2017




EBITDA of -0.26 million euros (previous year: 0.99 million euros), largely driven by increase in sales and marketing expenses and one-off restructuring / reorganization costs




Earnings before taxes (EBT) of -1.87 million euros (previous year: 0.58 million euros) largely explained by special impairment of asknet R&D and technology assets triggered by migration to Nexway technology platform




Outlook on 2019: Substantial increase in sales revenues and gross profits both through organic expansion and consolidation of Nexway Group as of February 1, 2019; positive earnings on an adjusted EBT basis


Karlsruhe, 17 May 2019 - asknet AG, a Germany-listed company that is majority owned by the Swiss-listed international technology and media group The Native SA (www.thenative.ch), reports strong growth in financial year 2018 making it the first growth year for asknet AG since 2014, thanks to the new ownership, recapitalization and leadership provided by The Native following acquisition of majority interest in asknet AG in November 2017.

Sales revenues grew by a strong 30 percent to 85.84 million euros in the reporting period (previous year: 66.16 million euros). Based on a strong second half of 2018, gross profit, the key performance indicator for the asknet Group's business, rose by 13 percent to 9.65 million euros. This was partly achieved through a new growth plan announced in September 2018, associated with additional investments and recruitments in the areas of sales and marketing. The gross profit margin, based on sales revenues, fell from 12.9 percent to 11.2 percent and is in line with the general industry trend.
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