13.06.2013
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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.
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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,
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