Group EBIT and revenue increase of 30% in Q3/2010 versus Q2/2010, internationalization and games showing positive developments
- Revenue increased from 7.7 to 10.0 million Euro
- EBIT increased from 0.9 to 1.2 million Euro
- Growth in core markets as well as in new markets
- First Browsergame ‚War2Glory’ is live and promising
- License and distribution rights secured for more than 20 games
- Positive outlook of revenue and EBIT for full year 2010 as well as 2011
The Bob Mobile AG (WKN A0HHJR, ISIN DE000A0HHJR3) again showed strong growth in the third quarter of 2010 and has thus further continued its growth trend from the previous quarters. The consolidated group revenue in the third quarter 2010 amounted to Euro 10.0 million (Euro 7.7 million in Q2 2010), a plus of 30%. The Group revenue for the first three quarters amounts to Euro 23.9 million (Euro 22.6 million in the first three quarters 2009). Growth was foremost generated from selling mobile services in Germany as well as in newly launched countries. Only the Greek market showed a revenue decline due to the depressed economic climate. It is expected that the strong growth trend from the third quarter will be continued in the fourth quarter 2010 as well.
The group EBIT also showed clear growth amounting to Euro 1.2 million in the third quarter 2010 (Euro 0.9 in Q2 2010), a plus of 33%. The total group EBIT for the first three quarters amounted to Euro 2.7 million (Euro 2.3 million in 2009). This is an increase of 17% even though the EBIT in the third quarter was under pressure from increasing media budgets, additional costs from launching new markets for the mobile value added services and start-up cost of the newly founded games unit Just A Game GmbH.
The group earnings before taxes (EBT) is with Euro 2.7 million almost identical to the EBIT as costs for interest payments are very low. The earnings per share for the first three quarters 2010 amount to 87 cent. All figures are preliminary and are subject to validation by a certified accountant.
Within the group especially the subsidiary Guerilla Mobile Berlin GmbH (participation 50.2%) showed strong growth and consequently continued its internationalization strategy: Israel and Hungary have been launched as new territories and by the end of 2010 Guerilla Mobile will be active in 14 countries. Some of the newly launched countries are already adding to growth. The Pink Adventure AG also focussed on growth in the third quarter, via TV as well as via internet, while still concentrating on the German market.
The in July 2010 newly founded subsidiary Just A Game GmbH has successfully launched its first browsergame ‚War2Glory’ –a free to play build & strategy game. The technical implementation and the localization, as well as the beta-phase of the game could be completed faster than expected so that the game was commercially launched on November 10, 2010. ‚War2Glory’ has been developed in China and is already quite successful in the USA. Also the first results in Germany are promising. Already in 2010 ‚War2Glory’ will be launched in further languages and markets. Also the license trading has started well; over 20 titles have been contractually secured, a.o. strong titles like ‚Afterfall’, ‚Hegemony’, ‚GM Rally’ and ‚Deep Black’. The Just A Game GmbH is well on track to realize Euro 1 million revenues for 2010 according to plan and then show further strong growth in 2011.
Altogether the Bob Mobile group is well on track to realize the two digit growth of revenue and earnings compared to the previous year, as planned. Based on the first three quarters as well as on the first weeks of the fourth quarter the group revenues for the full year 2010 are expected to amount to more than Euro 37 million, the group EBIT is expected to amount to more than Euro 4.5 million.
During the business year 2010 many activities have been optimized and several have been prepared, causing start-up cost and having only little impact on revenue growth. In 2011 these investments in new markets as well as in the new area of browsergames shall according to plan lead to further strong growth of revenues as well as of the EBIT.
Bob Mobile AG
Tel.: 02834 9429209
Fax: 02834 46299409