CORPORATE NEWS
Bob Mobile AG: Final figures for the business year 2010, focus on online games segment,
participation in games subsidiary Just A Game GmbH increased to 100 percent
Bob Mobile AG / Annual results, participation
25.07.2011
Bob Mobile AG: Final figures for the business year 2010, focus on online games segment,
equity ownership in games subsidiary Just A Game GmbH increased to 100 percent
•
Revenue increase in 2010 to 40.7 million Euro (2009: 34,5 million Euro), an 18%
increase
•
Annual net profit remains positive at 1.2 million Euro, even with substantial
investments in new subsidiaries
•
Increasing focus in the online games segment – equity ownership in games
subsidiary Just A Game GmbH increased to 100 percent
•
Currently over 2.4 million online players already registered – the latest online
game „Operation Gamma 41“ launched successfully
•
Sale of subsidiary Pink Adventure AG (mobile adult services)
Bob Mobile AG (WKN A0HHJR, ISIN DE000A0HHJR3), 25.07.2011 – The executive board of
the Bob Mobile AG has, based on the positive developments in the online games units,
decided to further increase company focus in this business area. In addition to online games
for internet-PC’s, there will be an increased offering for smartphones and tablet-PCs in the
near future.
The Bob Mobile AG today published its final IFRS figures for the business year 2010, the
figures have been certified by the accountant. The group revenues increased by 18,0 percent
versus the previous year, totalling 40.7 million Euro (2009: 34.5 million Euro). The group
EBIT for the business year 2010 amounted to 2.7 million Euro, lower then in the previous
year (2009; 4.3 million Euro). Despite the substantial investments, the net group profit,
excluding third party interests, was positive at 1.2 million Euro, although below the record
level of the previous year (2009: 1.7 million Euro), but above the results from 2008 (0.6
million Euro).
In the business year 2010, there was substantial investment in the build-up, growth and
technical capability of the online games segment. The expected start-up costs of the new
segment online games had a negative effect on the results. „By now it is clearly visible, that
the expansion into the games segment, by founding the ‚Just A Game GmbH’ was a good
decision: as the number of players as well as the financial KPI’s show positive development“,
Bob Mobile-CEO Remco Westermann, commented on the latest developments. The results
in 2010 were further under pressure due to investments in international expansion of the
mobile segment, by the mobile subsidiary Guerilla Mobile Berlin GmbH. Versus the
previously announced preliminary figures, an amount of 0.9 million Euro has been corrected
in the Guerilla Mobile Berlin GmbH subsidiary, in agreement with the accountant, with the
main reason being balance sheet deferrals and accruals.
The Bob Mobile AG has positioned itself well in the fast growing market for browser games.
The games subsidiary Just A Game GmbH is growing faster than planned with currently over
2.4 million registered players. After „War2Glory“ and „9Empires“ in the beginning of July,
the third online game „Operation Gamma 41“ has been commercially launched. Two weeks
after launch more then 50,000 players have already registered. Currently War2Glory is being
played in more then 10 countries. Some weeks ago „War2Glory“ has, after the Italian
language version, also launched a French language version. In addition, the first social game
will be launched in August 2011.
Based on the positive developments in the online games segment, the executive board has
decided to focus the Bob Mobile AG even stronger at the games segment. Currently Bob
Mobile AG is negotiating further games licences for mobile phones (iPhone, Android) and
tablet-PCs. In line with increasing the focus towards the online games segment, Bob Mobile
AG has increased its equity participation in Just A Game GmbH from 84 to 100 percent. The
Just A Game management, being the previous minority shareholder, has been compensated
by 8.000 Bob Mobile shares and stock options for a further maximum of 20.000 Bob Mobile
shares. As a further step towards focus, the executive board has decided to sell its
participation Pink Adventure AG (adult-services). The transaction is expected to be closed
within the third quarter.
The complete annual report 2010 (in German) is available for download at
www.bobmobile.ag or can be ordered from Bob Mobile AG. The annual shareholder meeting
will take place at August 31, 2011.
About Bob Mobile AG:
Bob Mobile AG is a dynamic holding company focusing at the segments Online and Mobile Games, being based in Straelen,
Germany. As leading marketer of mobile value added services, Bob Mobile has established direct-to consumer distribution in
several European countries via its subsidiaries. From July 2010 onwards Bob Mobile is changing its focus towards the segment for
online games. In 2010 the first freemium multiplayer online game ‘War2Glory’ has been launched. Since then ‘9Empires’ (roleplay)
and ‘Operation Gamma 41’ (build&strategy) followed, further games are planned to follow. The subsidiary Just A Game GmbH also
processes a successful license unit that internationally sources and distributes licenses. Bob Mobile specializes in selling its
products direct to consumer via the internet, mobile internet and TV and cooperates closely with leading internet networks as well
as television broadcasters. The Bob Mobile Group focuses on continueus profitable growth via expansion into new countries as
well as via active product and services development.
Contact Bob Mobile AG:
Lucy Tiegelkamp
Paesmühlenweg 8, D-47638 Straelen
Telephone: +49 (0)2834 9429209;
Telefax: +49 (0)2834 46299409;
Email: Investor@bobmobile.com
Internet: www.bobmobile.ag
