13.06.2013 getgoods.de AG  DE0005560601

DGAP-News: getgoods.de AG: Business performance of getgoods.de AG in the first quarter of 2013 at same level as in the previous year


 
getgoods.de AG / Key word(s): Quarter Results 13.06.2013 12:55 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Business performance of getgoods.de AG in the first quarter of 2013 at same level as in the previous year Frankfurt Oder, 13 June 2013 - The sales and earnings figures from the first quarter of 2013 for the e-commerce firm getgoods.de AG matched the previous year. However, its sales forecasts for the year as a whole are unchanged. While Group sales for the first three months of the year fell slightly, from EUR 83.7 million to EUR 78.7 million, the Group achieved a slight increase in its profitability. The Group's sales trend suffered due to an unfavourable market environment for getgoods.de AG's key product groups. This first-quarter sales trend was particularly affected by consumer reticence in the growth area of smartphones. This reflected the fact that various new top-selling products (e.g. the Samsung S4) were only launched in April. Sales to date in Q2 (April and May) have already more than made up for the lower sales volume in Q1. Accordingly, these sales were effectively postponed from Q1 to Q2. According to the German E-Commerce and Distance Selling Trade Association (bvh), e-commerce in Germany declined in the first quarter of 2013 in the areas of consumer electronics/electronic devices (-7%) and hobby, collector's and leisure articles (-31.5%). getgoods.de AG was unable to remain unaffected in the face of this overall trend. However, it outperformed the overall market level with a 5.9% decline in Group sales in the first quarter of 2013, to EUR 78.7 million (Q1/2012: EUR 83.7 million). This performance once again confirms getgoods.de AG's basic strategy of reducing its dependence on individual product groups by continuously diversifying its product portfolio with the goal of becoming a full-range provider. However, the Group's profitability remained within the range of stable to positive. In the first quarter of 2013, the Group's gross profit increased by 12.2%, from EUR 5.2 million to EUR 5.8 million. The gross profit margin thus improved from 6.2% to 7.3%. However, due to increased marketing expenses this positive trend was only reflected to a limited extent in EBIT, which declined by 6.4% from EUR 1.5 million to EUR 1.4 million. The EBIT margin remained unchanged at 1.8%. In the second quarter of 2013, getgoods.de AG is once again set for growth. In April and May alone it realised Group sales of around EUR 100 million. In this context, the Management Board continues to adhere to its sales goal of EUR 480 million for the financial year 2013. Further information on the company, its management and its share is available in the investor relations section of www.getgoods.ag. IR contact: Dorothea Schneider Stockheim Media GmbH Tel: +49 (0)89 200 345 83 E-mail: [email protected] About getgoods.de AG: getgoods.de AG is a leading operator of online platforms in the fast growing e-commerce market. The products focus is on mobile phones, smart phones, telephones and notebooks as well as on consumer electronics and white goods. Additionally, the company provides kids toys, leisure ware and hardware goods. With online shops, such as www.getgoods.de, www.hoh.de, or www.handyshop.de as well as presence points at Amazon and ebay the company covers a wide range within its portfolio. getgoods.de AG is located in Frankfurt/Oder and with approximately 200 employees. 13.06.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------