finanzen.net
22.07.2019 17:02
Bewerten
(0)

DGAP-News: Nexway AG (formerly asknet AG) Reports First-Time Consolidated 6 Months Results and Specifies the Guidance for the Full Financial Year 2019

DGAP-News: Nexway AG / Key word(s): Half Year Results/Forecast
Nexway AG (formerly asknet AG) Reports First-Time Consolidated 6 Months Results and Specifies the Guidance for the Full Financial Year 2019

22.07.2019 / 17:02
The issuer is solely responsible for the content of this announcement.


Nexway AG (formerly asknet AG) Reports First-Time Consolidated 6 Months Results and Specifies the Guidance for the Full Financial Year 2019

  • Business volume more than doubled with gross revenues of EUR 95.7 million and gross profit of EUR 10.4 million
  • Earnings on an EBITDA basis as expected still negative due to one-off integration and severance expenses
  • Full year 2019 Guidance: Gross Revenues to exceed EUR 200 million, Gross Profit more than EUR 20 million, Earnings on EBITDA basis slightly positive

July 22, 2019, Karlsruhe (Germany) - Nexway AG, formerly asknet AG, is reporting preliminary unaudited financial results for the first 6 months period ending June 30, 2019. Given material changes following the acquisition of 100% of Nexway Group on January 31, 2019, Nexway AG expects to report gross revenues of EUR 95.7 million for the first 6 months period ending June 30, 2019, and gross profits of EUR 10.4 million (both before deduction of January 2019 revenues of Nexway SAS given that Nexway SAS had been consolidated as of January 31, 2019). The gross profit margin improved from 10.5% to 10.8% due to scale and synergies achieved through integrating asknet and Nexway businesses. This compares to gross revenues of EUR 42.1 million and gross profits of EUR 4.3 million for asknet AG for the same period in 2018, resulting in a margin of 10.5%.

For the full year of 2019, Nexway AG is expected to report consolidated gross revenues of over EUR 200 million and gross profits of more than EUR 20 million, both before deduction of January 2019 revenues of Nexway SAS given that Nexway SAS had been consolidated as of January 31, 2019. This compares to gross revenues of EUR 87.4 and gross profits of EUR 9.7 million reported for asknet AG for 2018, with the business effectively more than doubling in size thanks to consolidation of both Nexway Group acquisition and double-digit organic growth across key areas of the business.

As expected, Nexway AG remained moderatly loss-making on EBITDA basis in the first half of 2019, mainly due to various one-off integration and severance expenses. Nexway AG expects to become EBITDA positive in the second half of 2019. The cost base has already been significantly reduced in the current year. Going forward, the company will increasingly benefit from the bigger scale of operations and the visibility of the company on international markets, creating new opportunities and growth impulses. Depending on the further progress of the integration, a slightly positive EBITDA is expected on a full year basis, with the year 2020 being the first full year of stable operating profitability.

Nexway AG's consolidated net debt will remain between EUR 1-5 million throughout the year 2019, depending on seasonality of its business. The only significant external debt facility is a EUR 7.5 million long term bond issued on the level of Nexway SAS, maturing in 2023 and carrying 6.5% annual interest. With this facility, Nexway has further headroom of up to EUR 4.5 million should the group need to access further cash.

"Nexway AG is a technologically advanced, fast growing, pan-European ecommerce services company with increasing global reach and strong focus on digital marketplaces, software, content and gaming companies. Nexway's ecommerce clients benefit from our decades long experience in the complex business of payments, taxation, secure management of digital goods, and customer support, a rapidly growing industry in which Nexway is now in a leading position. With our business effectively more than doubling in size thanks to consolidation of the Nexway Group acquisition, we are now becoming a leading global Commerce-as-a-Service platform and merchant services provider", commented Aston Fallen, Chairman of the Supervisory Board of Nexway AG.
 

About Nexway AG
Nexway AG (formerly asknet AG) is a leading e-commerce and payment player. Combining technology and managed services, the Nexway Group offers solutions to software, video games, services and retail companies to run and maximize their online sales worldwide. Furthermore the company provides software distribution services to the European academic institutions, students and alumni. Nexway clients leverage subscription models, local payment methods, fraud prevention, partner & reseller management and customer insights to transform their purchasing experience and grow their business. Nexway AG is a 51% owned subsidiary of the Swiss-listed integrated e-commerce services company The Native SA (CH0006326851) with other Nexway AG shareholders being Digital River and Softbank among others. The company is based in Karlsruhe and listed in Frankfurt (DE000A2E3707). The company's change of name from asknet AG to Nexway AG became effective with its entry in the commercial register on July 16, 2019. The change will be implemented step by step in the coming months, resulting in a further increase of visibility and stronger impact on our global markets.

For more information: www.asknet.com and www.thenative.ch
 

Media Contact
IR.on AG
Florian Kirchmann
+49 221 91 40 90
investorrelations@asknet.com



22.07.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Nexway AG
Vincenz-Priessnitz-Str. 3
76131 Karlsruhe
Germany
Phone: +49 (0)721 / 964 58-0
Fax: +49 (0)721 / 964 58-99
E-mail: info@asknet.de
Internet: www.asknet.de
ISIN: DE000A2E3707
WKN: A2E370
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Munich, Stuttgart
EQS News ID: 844839

 
End of News DGAP News Service

844839  22.07.2019 

fncls.ssp?fn=show_t_gif&application_id=844839&application_name=news&site_id=smarthouse

Nachrichten zu asknet AG

  • Relevant
  • Alle
  • vom Unternehmen
  • Peer Group
  • ?

Um Ihnen die Übersicht über die große Anzahl an Nachrichten, die jeden Tag für ein Unternehmen erscheinen, etwas zu erleichtern, haben wir den Nachrichtenfeed in folgende Kategorien aufgeteilt:

Relevant: Nachrichten von ausgesuchten Quellen, die sich im Speziellen mit diesem Unternehmen befassen

Alle: Alle Nachrichten, die dieses Unternehmen betreffen. Z.B. auch Marktberichte die außerdem auch andere Unternehmen betreffen

vom Unternehmen: Nachrichten und Adhoc-Meldungen, die vom Unternehmen selbst veröffentlicht werden

Peer Group: Nachrichten von Unternehmen, die zur Peer Group gehören

Analysen zu asknet AG

  • Alle
  • Buy
  • Hold
  • Sell
  • ?
25.05.2012Asknet buyVISCARDI AG
02.05.2012Asknet buyVISCARDI AG
30.03.2012Asknet buyVISCARDI AG
21.03.2012Asknet buyVISCARDI AG
16.11.2011Asknet buyVISCARDI AG
25.05.2012Asknet buyVISCARDI AG
02.05.2012Asknet buyVISCARDI AG
30.03.2012Asknet buyVISCARDI AG
21.03.2012Asknet buyVISCARDI AG
16.11.2011Asknet buyVISCARDI AG

Keine Analysen im Zeitraum eines Jahres in dieser Kategorie verfügbar.

Eventuell finden Sie Nachrichten die älter als ein Jahr sind im Archiv

Keine Analysen im Zeitraum eines Jahres in dieser Kategorie verfügbar.

Eventuell finden Sie Nachrichten die älter als ein Jahr sind im Archiv

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für asknet AG nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"

Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"

Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"
mehr Analysen
Werbung
Werbung
Börse Stuttgart Anlegerclub

Die richtige Strategie für die Börsenkrise

Stecken Sie nicht den Sand in den Kopf, sondern kaufen Sie die richtigen Aktien. Erfahren Sie im aktuellen Anlegermagazin mehr über attraktive Qualitätsaktien und zyklische Aktien
Kostenfrei registrieren und lesen!

Heute im Fokus

DAX zurückhaltend -- Asiens Börsen uneinheitlich -- Fed betont Unsicherheit durch Handelskonflikte -- OSRAM hebt Stillhalteabkommen mit ams auf -- Regierungskrise in Italien -- EVOTEC im Fokus

Eckert & Ziegler-Aktie im Fokus: Besser als zu Nemax-Zeiten. Nordamerika-Geschäft gibt JOST Werke Auftrieb. thyssenkrupp klagt gegen EU-Verbot von Stahl-Joint-Venture mit Tata. CTS Eventim verkauft mehr Online-Tickets und steigert Betriebsgewinn. E.ON begibt grüne Anleihen in Milliardenhöhe.

Die 5 beliebtesten Top-Rankings


Diese Aktien hat Warren Buffett im Depot
Einige Änderungen unter den Top-Positionen
Die wertvollsten Fußballvereine der Welt 2019
Welcher Club ist am wertvollsten?
Promis
Diese Sternchen haben ihren eigenen Aktien-Index
Die erfolgreichsten Kinofilme der letzten 25 Jahre
Welche Titel knackten die Milliardenmarke an den Kinokassen?
Apps & Social Media: Die wertvollsten Marken der Welt
Welche Marke macht das Rennen?
mehr Top Rankings

Umfrage

Die Marktturbulenzen nehmen zu. Investieren Sie nun vermehrt in "sichere Häfen"?

Online Brokerage über finanzen.net

finanzen.net Brokerage
Handeln Sie für nur 5 Euro Orderprovision* pro Trade aus der Informationswelt von finanzen.net!

ETF-Sparplan

Oskar ist der einfache und intelligente ETF-Sparplan. Er übernimmt die ETF-Auswahl, ist steuersmart, transparent und kostengünstig.
Zur klassischen Ansicht wechseln
Kontakt - Impressum - Werben - Pressemehr anzeigen
Top News
Beliebte Suchen
DAX 30
Öl
Euro US-Dollar
Bitcoin
Goldpreis
Meistgesucht
MTU Aero Engines AG Em 2017A2G83P
Braas Monier Building Group S.A.BMSA01
XING (New Work)XNG888
Wirecard AG747206
EVOTEC SE566480
Deutsche Bank AG514000
Daimler AG710000
BayerBAY001
CommerzbankCBK100
SteinhoffA14XB9
NEL ASAA0B733
Microsoft Corp.870747
Amazon906866
Apple Inc.865985
BASFBASF11