Getgoods.de Posts EUR 2.1 Mln Profit In FY11

6/29/2012 1:14 PM ET

getgoods.de AG, a operator of online platforms for IT and telecommunication products in the e-commerce market, published its annual report for the 2011 financial year.

getgoods.de AG and its operating subsidiaries generated consolidated sales of EUR 193.7 million in the 2011 financial year. After taxes of EUR 1.3 million, consolidated net income amounted to EUR 2.1 million.

Based on the 14.0 million shares outstanding of getgoods.de AG as of 31.12.2011, this equals earnings per share of EUR 0.15.

Proforma revenues totalled EUR 316.9 million in 2011.

After taxes the proforma consolidated net income amounted to EUR 4.1 million. Based on the 14.0 million shares outstanding of getgoods.de AG as of 31.12.2011, this equals proforma earnings per share of EUR 0.29.

For the 2012 financial year, getgoods.de expects the company to continue to profit from the strong growth in the online retail market and expects sales to grow to at least EUR 400m with an EBIT margin of approximately 2.5%.

by RTT Staff Writer

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