Mediaboss Marketing

DGAP-News: net mobile AG / Key word(s): Interim Report net mobile AG: publishes 9-month figures

16.12.2013 / 20:00

=--------------------------------------------------------------------

Corporate News

net mobile AG publishes 9-month figures

- net mobile improves EBITDA before value adjustments by EUR3,468 thousand

- net mobile AG believes it is well positioned for the future

- Adjustments to the billing procedure for OTT carrier payment lead to higher income from September 2013 onwards

Dsseldorf, 16 December 2013 - net mobile AG (ISIN: DE0008137852), Europe's leading provider of mobile value-added services and payment solutions, can be proud of its success in the third quarter of 2013. Revenue increased again slightly by 0.5% compared with the previous quarter, to EUR29,517 thousand. Extraordinary write-downs of EUR1,462 thousand were once again necessary in the third quarter. The company nevertheless achieved positive EBITDA of EUR289 thousand after write-downs. EBITDA after extraordinary write-downs was up EUR2,028 thousand on the previous quarter. EBITDA before write-downs improved by EUR3,468 thousand to EUR1,751 thousand. The consolidated net profit improved by EUR2,245 thousand, it remained negative at -EUR1,970 thousand.

The equity ratio dropped to 16.7% owing to a further increase in total assets, which was largely due to the expansion of business at net-m privatbank, and the losses for the financial year. With total of EUR 46.195 tousand The equitiy remains strong Liabilities to banks have been reduced significantly in the last nine months. This is primarily due to Group financing provided by the NTT DOCOMO Group, which has made as additional credit line of EUR40 million available to net mobile AG. Liabilities to banks have fallen by EUR13,268 thousand as a result.

See the rest here:
PRESS RELEASE: net mobile AG: publishes 9-month figures