DGAP-News

net mobile AG: publishes 9-month figures

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

16.12.2013 / 20:00

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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

Düsseldorf, 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.

We are pleased with the development of cash flow, which was positive in the
first nine months and the last quarter of 2012. This positive development
is mainly due to the activities of our subsidiary net-m privatbank 1891 AG.
Cash and cash equivalents rose by EUR30,827 thousand in the first nine
months of the financial year.

Outlook

The company's strategy of focusing strongly on business with smartphones
and tablet PCs has begun to pay off in 2013. However, costs associated with
this realignment also had a strong negative impact on results for the first
nine months and will continue to dominate the results in 2013. The
company's further development will be supported by its major shareholder.