asknet Publishes Figures for Fiscal Year 2010

KARLSRUHE, Germany and SAN FRANCISCO, April 12, 2011 /PRNewswire-FirstCall/ --

- Sales Revenues of 72.7 Million Euros (+5.4 Percent)

- Gross Profits Rise by 9.4 Percent to 10.6 Million Euros

- Net Loss for the Year has Dropped Considerably

asknet, a leading supplier of global eCommerce solutions for software and digital media companies, has announced its business figures for fiscal year 2010. Over the past fiscal year, the company generated sales of 72.7 million euros, around 5.4 percent up on the previous year's figure. Gross profits, which represent the growth of the company, went up by 9.4 percent to 10.6 million euros. The gross profit margin of the company increased from 14.0 percent to 14.5 percent during the course of the year.

asknet processed close to 1,620,000 online transactions in fiscal year 2010, a plus of approximately 180,000 or 13 percent. Transaction revenues (sales plus revenues from service provider agreements) rose likewise from 83.7 million euros in the previous year to 94.9 million euros in the reporting period. Two thirds of transaction revenues were generated outside of Germany, clearly reflecting the penetration into the international marketplace by the company. New customer agreements with software publishers around the world, including iS3 and Norman, and the expansion of the cooperation partner network in the eDistribution segment strengthened the global position of asknet. The expansion of the ePortals segment into Switzerland opened up a new revenue stream for the company. This segment of the business contributed approximately one third of total sales in 2010.

The operating result (EBIT) came to -0.66 million euros compared to -1.24 million euros in the previous year. Earnings before taxes (EBT) improved from -1.14 million euros in 2009 to -0.58 million euros in the reporting period. After interest and taxes, the company recorded a net loss of 0.62 million euros for the year, which is a significant reduction on the previous year's figure of 1.15 million euros. In the fourth quarter of 2010, which is always a strong season, profits before taxation came to 0.12 million euros.

"It is our strategic goal to fully exhaust the potential of our scalable business model," explained Michael Scheib, CEO of asknet AG. "Together with stringent cost control, our international orientation and the consistent expansion of our portfolio and customer base, we will continue to focus all our efforts on achieving sustainable profitability."

The complete consolidated financial statements and group management report 2010 will be published on April 29, 2011.

About asknet:

asknet is a leading provider of global eCommerce solutions that increase sales and expand markets for software and digital media companies. asknet solutions enable publishers to expand their international reach while maintaining localized services to customers in the US, Europe, Asia and new emerging markets. The asknet Digital Index (ADI), Vendor Interaction Process (VIP), and Shop Cockpit provide quick and easy solutions tailored to meet each customer's needs and enable flawless execution across the full range of eCommerce services, from order management and local payment options to multi-lingual customer service. Founded in 1995, asknet today offers localized e-shops in over 170 countries. The company is based in Germany and has headquarters in San Francisco and Tokyo.

    For more information about asknet, visit http://www.asknet.com

    Media Contact EMEA
    asknet AG
    Martina Oerther
    Phone: +49-721-96458-6369
    eMail: [email protected]

    Media Contact USA:
    Carolyn Adams
    Borders+Gratehouse
    Phone: +1-415-963-4174 ext. 4
    Email: [email protected]

SOURCE asknet AG