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asknet AG shows solid growth in the first nine months of 2008

Geschrieben am 14-11-2008

- Sales revenues increased 28% to EUR 53.4 million

- Service revenues of EUR 6.5 million (+14%)

- Online transactions up 32%


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companies/Quaterly figures

Karlsruhe (euro adhoc) - November 14, 2008 - asknet AG, one of the
leading provider of outsourcing solutions for global software
distribution via the Internet (Electronic Software Distribution -
ESD), published its financial figures for the third quarter of 2008.

In the first nine months of 2008, the asknet Group generated sales
revenues of EUR 53.4 million, representing an increase of
approximately 28% against the same period of last year. The Group´s
service revenues rose by 14% to EUR 6.5 million. The Group´s service
revenues margin was 12.2%. At EUR -2.4 million, the result of
ordinary activities (EBT) was somewhat weaker than the result of the
same period of the previous year, which had been EUR -2.2 million.
This was due to lower margins in the large customer segment as well
as increased personnel expenses and the strength of the euro relative
to the dollar in the reporting period.

Despite the economic downturn - especially in North America - asknet
has recorded solid growth. At EUR 17.1 million, sales revenues in the
third quarter were around 9% higher than in the same period of the
previous year. Service revenues increased by 3% to EUR 2.1 million.
Compared to the same period of the previous year the EBT is with EUR
-0,64 million on last year´s level.

In the first nine months of 2008, asknet processed a total of
approximately 1.123 million online transactions, representing a plus
of 272,000 transactions or 32% more than the previous year. The
internationalization that has been actively pursued by the Group also
showed further progress. In the last quarter 63% of end customer
sales were generated abroad; the share of the American market was
25%.

The Management Team of asknet AG is cautiously optimistic regarding
further business development of the Group in the final quarter of the
year despite the difficult economic conditions. Analysts believe that
the online sales sector will not be as strongly affected by the
current financial crisis as other branches of commerce. In addition,
the increasing cost pressures facing many companies means that
software publishers will be forced to focus more heavily on online
channels for B2C as well as B2B in the future.

As of today the asknet AG report on the third quarter of 2008 is
available in German language on the company´s website www.asknet.de.

About asknet: asknet offers its clients customized outsourcing
solutions for global software sales via the Internet. Founded in 1995
as a spin-off of the University of Karlsruhe, one of Germany´s most
prestigious technical universities, the company has become the number
two independent global provider for electronic software distribution.
In addition to its fully integrated shop solutions for software
publishers, the company develops and maintains portals for software
distribution such as softwarehouse.de, Europe's largest platform for
downloads of standard software. In 2007, asknet had a turnover of
about 65 million euros. Among its customers are well-known software
publishers such as CollabNet, DivX, F-Secure, Nero, Panda Security,
and Web.com. asknet supplies software products to around seventy
percent of German universities. Further information is available from
www.asknet.com.


end of announcement euro adhoc
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ots Originaltext: asknet AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Press Office

asknet AG

Kirsten Neininger

phone: +49 (0)721 96458-6399

eMail: kirsten.neininger@asknet.com

www.asknet.com

Branche: Electronic Commerce
ISIN: DE0005173306
WKN: 517330
Börsen: Börse Frankfurt / free trade/entry standard


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