DGAP-Adhoc 142 0 Kommentare asknet Solutions AG recognizes additional restructuring costs and adjusts 2020 guidance

DGAP-Ad-hoc: asknet Solutions AG / Key word(s): Change in Forecast/Profit Warning
asknet Solutions AG recognizes additional restructuring costs and adjusts 2020 guidance

24-March-2021 / 21:03 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

asknet Solutions AG recognizes additional restructuring costs and adjusts 2020 guidance

March 24, 2021, Karlsruhe (Germany) - In the course of the ongoing preparation of the 2020 annual financial statements of asknet Solutions AG (ticker symbol: ASKN, ISIN: DE000A2E3707, WKN: A2E370), it has emerged that additional extraordinary restructuring costs, are expected to result in a loss before interest and income tax (EBIT) for the full year in the range of EUR 1.0 to 1.3 million. Previously, the company had assumed to achieve a slightly positive EBIT in the financial year 2020. At the same time, due to the improved operational performance in the second half of 2020, the company was able to achieve an increase in gross profit by 20% to EUR 11.0 million on a full-year basis according to preliminary figures (H1 2020: EUR 4.0 million). Originally, the company had projected a decline in gross profit. According to preliminary figures, this improvement was offset by high one-time and extraordinary costs for the restructuring of the company in the total amount of nearly EUR 1 million, including consulting and legal expenses for the realization of the demerger from Nexway Group AG (incl. its subsidiary Nexway SAS) and other restructuring charges. Sales revenues declined by 3% to EUR 81.9 million, according to preliminary figures, following the strategic decision to streamline the customer base in the eCommerce Solutions business unit to focus on higher margin customers.

The publication of the audited asknet Solutions AG annual report is scheduled for May 2021.

Contact
Magda Gajny
+49(0)721/96458-6116
investors@asknet.com
https://asknet-solutions.com/

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Language:	English
Company:	asknet Solutions AG
	Vincenz-Priessnitz-Str. 3
	76131 Karlsruhe
	Germany
Phone:	+49 (0)721 / 964 58-0
Fax:	+49 (0)721 / 964 58-99
E-mail:	investors@asknet.com
Internet:	asknet-solutions.com
ISIN:	DE000A2E3707
WKN:	A2E370
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Munich, Stuttgart
EQS News ID:	1178205