Company Notes
chronological
alphabetical
Renewables Analyser
HC Analyser
Research Disclaimer
Subscribe to VISCARDI Research
News Archive
Press Review & Publications

 

Research update: asknet AG

May 02, 2012



It’s harvest time

asknet reported 2011 results, which were no surprise since selected key figures had been published in March. The main message is that asknet’s ...


...Subscribe to VISCARDI Research...






Research update: asknet AG

March 30, 2012



Long-term payoff from restructuring

asknet reported selected 2011 results, which came in line with our numbers and are proof of asknet’s turnaround potential. In the fourth quarter, the company showed substantial margin improvement compared with the ...


...Subscribe to VISCARDI Research...






Research update: asknet AG

March 21, 2012



Among the top 5 clients

With CyberLink, asknet wins its first client in 2012
Founded in 1996, CyberLink is a market leader in enabling digital multimedia on PCs and CEs. The product portfolio comprises a range of ...


...Subscribe to VISCARDI Research...






Research update: asknet AG

November 16, 2011



Weak gross revenues, but cost cutting helps

Some relief
Following several consecutive quarters with lowered guidance, asknet’s Q3 profits could provide some relief for the share price. The stock is off 65% from its year high on concerns about growth and competition, ...


...Subscribe to VISCARDI Research...






Research update: asknet AG

August 16, 2011



Disappointing results, not only due to one-offs

Review of H1/11

asknet is battling to attract new clients and seems unlikely to deliver organic revenues and earnings growth during 2011e. This is disappointing. We are becoming more cautious on asknet since weak figures like these begin to ...


...Subscribe to VISCARDI Research...






Research update: asknet AG

April 18, 2011



Waiting for client-wins to drive growth

2010 at a glance: Solid finish to an impressive year
asknet reported preliminary 2010 figures. Gross revenues were €72.7mn, up from ...


...Subscribe to VISCARDI Research...






Research update: asknet AG

November 12, 2010



Execution is key, as well as new client adds

... We view asknet as a potential long-term winner in the shift to Internet content/electronic software-download/cloud computing, with near-term upside driven by ...


...Subscribe to VISCARDI Research...






Research update: asknet AG

August 09, 2010



Back on the growth path
Q2 overview
asknet reported a solid set of H1/10 figures indicating that the company is back on its growth path. Gross revenues were €34.2mn, up from ...


...Subscribe to VISCARDI Research...






Research update: asknet AG

April 14, 2010



2010e focus on sales and market shares

Strong Q4/09
asknet’s 2009 annual figures were largely in line with its pre-announcement and our rather ambitious expectations. Gross revenues were €68.9mn after €74.7mn in 2008 (- 7.7%). It should be noted, however, that part of ...


...Subscribe to VISCARDI Research...






Research update: asknet AG

February 08, 2010



Open, Alipay

asknet wins Alipay
Today, asknet announced that Alipay will be added as an online payment solution to its customers. Established in 2004 by Alibaba Group, Alipay is China’s leading online payment service provider in ...


...Subcribe to VISCARDI Research...






Research update: asknet AG

November 17, 2009



When the competition gets tough

asknet posted Q3/09 figures in-line with our expectations. We reiterate our ... rating and see a 12-month price target of ... . After Symantec announced that it would not renew its existing ...


...Subscribe to VISCARDI Research...






Research update: asknet AG

August 21, 2009



Posting in-line Q2/09; on-track for 2009

asknet posted Q2/09 figures in-line with our expectations. We reiterate our ... rating and see a 12-month price target of ...


...Subscribe to VISCARDI Research...






Research update: asknet AG

May 04, 2009



Now is the time to become profitable

asknet's FY2008 results were in line with our subdued estimates. ...

Showing signs of macro impact
asknet reported FY2008 figures in line with our forecasts, but showed clear signs of ...


...Subscribe to VISCARDI Research...






Research update: asknet AG

November 17, 2008



IT download in recessionary times like these

asknet's 9M results and cautious outlook simultaneously illustrate the company's market position and the impact of the current macroeconomic recession. Despite quite solid performance in Q3, especially in the B2B sector, we believe that...


...Subscribe to VISCARDI Research...






Research update: asknet AG

August 25, 2008



Another flagship client

Asknet wins CollabNet as new client
CollabNet is one of the leading providers of online collaboration solutions for software development. We consider CollabNet a flagship client for asknet. With 1.5mn terminals worldwide and more than...


...Subscribe to VISCARDI Research...






Research update: asknet AG

August 14, 2008



So far so good

Full conformance with our forecasts
The half-year figures published by asknet were as we expected: Sales were €36.3mn (eViscardi €36.1mn), and we achieved an exact forecast of the gross profit of €4.6mn, as we did the EBIT of ...


...Subscribe to VISCARDI Research...






Research update: asknet AG

May 15, 2008



Growth model intact

Break even in H2/08e expected
asknet released Q1 figures this morning. We keep current forecasts unchanged and expect asknet to become profitable in Q4/08e. Break even on a full year basis is expected to be achieved in 2009e with an operating ...


...Subscribe to VISCARDI Research...






Research update: asknet AG

May 06, 2008



Proof of scalability

Strong operational leverage
In the past business year, asknet was able to furnish proof of the high degree of scalability of its business model - an improvement in the service revenues of €2.6mn was accompanied by an improvement of €1.5mn in earnings before tax. This EBT rise was significantly better than the rule...


...Subscribe to VISCARDI Research...






Research update: asknet AG

October 22, 2007



asknet wins Ipswith as new client

Ipswitch becomes largest North American client
We reaffirm our Buy rating for askent. a) By winning Ipswitch, asknet is sustainably strengthening its No. 2 markets position after Digital River. b) With CAGR 2006-09e in excess of 40%, asknet is considered to be one of the fastest growing companies in the sector...


...Subscribe to VISCARDI Research...






Research update: asknet AG

August 16, 2007



Becoming a global player

H1/07 confirms the long-term growth path.
We reaffirm our Buy rating for asknet. a) The company is considered to be one of the ultimate growth stocks, with average annual growth rates in excess of 35%, and is also continuously gaining market share; b) increasing internationalisation is...


...Subscribe to VISCARDI Research...






Research update: asknet AG

May 02, 2007



Results for 2006 and outlook for 2007

asknet's 2006 annual financial statements failed to fulfill the ambitious expectations: both sales and earnings fell approximately 10% short of our estimates. The deviations from our estimates were mainly due to ...


...Subscribe to VISCARDI Research...