Ad-hoc | 28 April 2011 07:38
Quanmax AG / Key word(s): Quarter Results
28.04.2011 07:38
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Quanmax AG has set its sights firmly on a turnover of EUR 100 million
- 30 percent revenue growth: EUR 21 million revenue in the first quarter
- higher gross margin of 31 percent due to strong growth of the IT
solutions segment
- EBITA rises to EUR 1.4 million (previous year EUR 0.8 million)
Linz, 28.4.2011. After an excellent closing of the fiscal year 2010, the
first quarter of 2011 has also developed successfully for Quanmax AG: The
turnover increased over the same period in 2010 by about 30 percent, from
EUR 16.3 to 21.0 million. The operating result (EBITA) amounted to EUR
1.42 million (Q1/2011) after EUR 0.8 million (Q1/2010), the net result
amounted to EUR 1.4 million after EUR 0.8 million last year. Owing to the
profits made and an optimised working capital structure, the operative cash
flow in the first quarter was EUR 2.6 million. The cash amounted to EUR
14.5 million as on 31.3.2011 (EUR 15.2 million on 31.12.2010).
The IT Solutions segment was particularly successful: in this area, Quanmax
was able to increase the turnover from EUR 1.8 million to EUR 5.8 million.
The Appliances product group - which are IT systems tailor-made for
dedicated applications and include various hardware and software components
- contributed to this success in particular. Based on gross margins of
over 60 percent, this business area already contributes 55 percent of the
total gross margin.
For the current quarter, the company expects the turnover to increase
further by EUR 23 million and is thus determined to achieve the targeted
annual turnover of EUR 100 million while also increasing the profits
disproportionately.
About Quanmax AG:
Quanmax AG (ISIN AT0000A0E9W5/WKN A0X9EJ), which is listed in the Prime
Standard of the Frankfurt Stock Exchange, is one of the largest marketers
of IT products in Austria with the brands chiliGREEN, MAXDATA and
SecureGUARD. It has been active in vertical markets for some time now
with the new business area IT Solutions. This ISO 9001:2008 certified
company employs 241 employees. In addition to the core market of Austria,
Quanmax AG has expanded in the target markets of Germany, Switzerland and
Eastern Europe.
28.04.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Quanmax AG
Industriezeile 35
4021 Linz
Österreich
Phone: +43 (732) 7664 - 0
Fax: +43 (732) 7664 - 801
E-mail: ir@quanmax.ag
Internet: www.quanmax.ag
ISIN: AT0000A0E9W5
WKN: A0X9EJ
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
---------------------------------------------------------------------------