28.08.2013
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DGAP-News: getgoods.de continues to grow and offers positive outlook
DGAP-News: getgoods.de AG / Key word(s): Half Year Results
getgoods.de continues to grow and offers positive outlook
28.08.2013 / 10:32
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getgoods.de continues to grow and offers positive outlook
- First-half consolidated sales rise by 29.4% to EUR 224.4 million
- EBIT set to show stronger growth in future
- Growth trend secured in financial and organisational terms
- Acquisition of xgsm.com opens up access to B2B market
- Product extension with new books portal (books.getgoods.de)
Frankfurt Oder, 28 August 2013 - getgoods.de AG (ISIN DE0005560601) boosted
its consolidated sales by 29.4% to EUR 224.4 million in the 1st half of
2013 (H1/2012: EUR 173.4 million). At EUR 4.5 million, earnings before
interest and taxes (EBIT) are consistent with the company's full-year
targets for 2013 (H1/2012: EUR 5.0 million). Consolidated net income
totalled EUR 1.5 million (H1/2012: EUR 2.8 million). The ongoing positive
sales trend and reduction in consolidated net income are attributable to
the consistent expansion in the getgoods.de premium brand. For the 2013
financial year as a whole, the Management Board now expects sales at the
upper end of the forecast range of EUR 480 million to EUR 500 million and
an EBIT margin of at least 2.0% to 2.5%.
EBIT set to show stronger growth in future
Gross profit improved by 25.9% to EUR 19.9 million in the 1st half of 2013
(H1/2012: EUR 15.8 million). The gross margin accordingly amounted to 8.9%
(H1/2012: 9.1%). getgoods.de AG thus managed to keep its margin stable for
its main product groups in the first quarter. 'By increasingly focusing on
higher-margin products, consistently streamlining our product range and
sustainably optimising our cost/benefit structures, we will achieve
stronger EBIT growth in future', commented Sebastian Jarantowski. 'The
positive sales trend will continue in future'. Future growth will be driven
by further investments in enhancing the attractiveness of the shopping
experience on offer and by more targeted marketing measures based on
improved web analysis.
Growth trend secured in financial and organisational terms
In June, getgoods.de AG successfully acquired EUR 7.54 million of fresh
capital by stocking up a bond. 'We will be using the inflow of funds, among
other measures, to boost our brand and increase awareness of our company,'
commented Markus Rockstädt-Mies (CEO). Sebastian Jarantowski was recently
appointed as CFO and Dr. Markus Dubon as COO of getgoods.de AG. In terms of
its composition, the Management Board is thus superbly positioned for the
future.
Acquisition of xgsm.com opens up access to B2B market
getgoods.de AG acquired the wholesaler and retailer xgsm.com in the past
half year. This company markets telecommunications products on the
international wholesale market and has built up extensive experience and
long-term relationships in the market. With this acquisition, getgoods.de
has accessed a further sales market in its B2B business and stands to
benefit from greater flexibility. 'This additional business will enable us,
for example, to sell large items of residual goods in single blocks',
commented Markus Rockstädt-Mies. xgsm.com GmbH generated sales of EUR 75
million in 2012 and was integrated as a wholly-owned subsidiary into the
Group on 8 May 2013.
In a teleconference, the Management Board will provide further details of
developments in the first half of 2013 and a brief outlook for the
remainder of the financial year.
Details of teleconference
The presentation can be called up in a webcast at the following address:
www.audio-webcast.com (Login: getgoods0813). Following comments by Mr.
Rockstädt-Mies, participants will have the opportunity to address questions
to the Management Board. These will then be dealt with in a subsequent
discussion.
Date: Friday, 30 August 2013 at 3.00 p.m. (CET)
Dial-in data: +49 (0) 69 20 17 44 220 or 0800 80 50 115
ID:543406#
Webcast: www.audio-webcast.com Login:getgoods0813
Further information about the company, its management and its share can be
found at our internet site for investors at www.ag.getgoods.de
IR contact:
Dorothea Schneider
Stockheim Media GmbH
Tel: +49 (0)89 200 345 83
Email: [email protected]
Über die getgoods.de AG:
Die getgoods.de AG betreibt verschiedene Online-Plattformen im schnell
wachsenden E-Commerce Markt. Der Produkt-Fokus liegt neben Handys,
Smartphones, Festnetztelefonen, Notebooks und Tablets auch auf
Unterhaltungselektronik und weißer Ware. Darüber hinaus bietet das
Unternehmen auch Spielzeug sowie Freizeit- und Baumarktartikel an. Mit
Onlineshops wie z. B. www.getgoods.de, www.hoh.de oder www.handyshop.de und
Plattformen auf Amazon und eBay, verfügt die Gesellschaft über ein breites
Angebotsportfolio. Die getgoods.de AG ist mit rund 220 Mitarbeitern an den
Standorten Frankfurt/Oder und Berlin vertreten und ist unter der ISIN
DE0005560601 im Entry Standard der Frankfurter Börse gelistet.
End of Corporate News
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28.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
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