DGAP-News

net mobile AG's restructuring program continues to show planned progress

DGAP-News: net mobile AG / Key word(s): Half Year Results/Interim
Report
net mobile AG's restructuring program continues to show planned
progress

21.08.2015 / 16:45

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CORPORATE NEWS

net mobile AG's restructuring program continues to show planned progress

- Gross margin increased from 22.1% to 25.8% compare to the same period
last year

- IAV (Sales after deducting directly attributable cost of sales) grew by
kEUR 2,290 to kEUR 15,783

- 2nd Contribution margin increased by kEUR 3,956 to kEUR 6,569

- EBIT increased from kEUR -35 to kEUR 2,788

Dusseldorf, August 21, 2015 - One of the leading international full-service
provider of payment solutions and mobile value-added services, net mobile
AG (ISIN: DE000813852), announces today its results for the first half of
2015 today. Its global client base includes national and global mobile
telecommunications providers, media companies, portals, branded companies
and TV channels, for which complete white label solution services such as
Direct Carrier Billing and Mobile TV are provided.

Consolidated sales for the first six months dropped by kEUR 7,181 to kEUR
65,217 (Q1 - Q2 2014: kEUR 72,398 TEUR). This corresponds to a reduction of
approximately 9.9%. The gross margin continued to show a positive trend and
increased from 22.1% to 25.8%. The IAV (Industrial Added Value) increased
from kEUR 13,493 to kEUR 15,783 (kEUR +2,290) as per expectations. The 2nd
Contribution Margin increased by 151% to kEUR 6,569 (Q1 - Q2 2014: kEUR
2,613). The segment "Payment Solutions" sales reduced by kEUR 4,577 to kEUR
46,988 (Q1 - Q2 2014: kEUR 51,565) in the first half of 2015 with an IAV of
kEUR 11,121 (Q1 - Q2 2014: kEUR 8,233). The main reason for the reduction
in sales were new regulations in the market for the mobile payment
business. The segment "B2O & Media" achieved sales of kEUR 3,729 which is
kEUR 930, about 20.0%, lower than previous year (Q1 - Q2 2014: kEUR 4,659).
The drop in sales resulted from declining business activities in low margin
legacy product lines in this segment. The IAV only dropped by 4.3% to kEUR
2,343 (Q1 - Q2 2014: kEUR 2,449). The segment "Voice Solutions" increased
its sales by kEUR 639 to kEUR 10,114 (Q1 - Q2 2014: kEUR 9,475). This
represents an increase of around 6.7%, which resulted primarily from the
acquisition of new key accounts following a reorganisation in sales. IAV
was kEUR 835 up only 1.9% on the previous year (Q1 - Q2 2014: kEUR 851).
The segment "B2C" sales were kEUR 4,386, a drop of kEUR 2,313 compare to
previous year's sales (Q1 - Q2 2014: kEUR 6,699). The IAV also dropped by