Ad-hoc | 16 April 2012 06:52
Quanmax AG / Key word(s): Final Results
16.04.2012 06:52
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.
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Quanmax AG achieves record revenues and profit in 2011
- Revenues exceed 153.2 million EUR (PY: 80.7 million EUR)
- Consolidated profit doubles to 8.3 million EUR (PY: 4.0 million EUR);
Earnings per share 30 Cent (PY: 19 Cent)
- Liquid assets increased to 29.9 million EUR (PY: 15.2 million EUR)
Linz, 16.04.2012. Quanmax AG (www.quanmax.ag) achieved record revenues of
153.2 million EUR in fiscal year of 2011. This corresponds to an increase
of 90 percent compared to 80.7 million EUR in the previous year.
In addition to the stable 74.2 million EUR business revenue in the IT
products segment (PY: 68.2 million EUR), a jump in revenues in the IT
solutions segment (appliances) to 27.7 million EUR (PY: 12.5 million EUR)
resulted in a significant growth of revenue in fiscal year of 2011. The S&T
group that has been consolidated since November 2011 contributed revenues
of 51.3 million EUR in two months.
The increase in revenue is also reflected in a significantly positive trend
in profit. The planned consolidated annual profit that was last increased
in November 2011 to 7 million EUR has already been significantly exceeded
with the 8.3 million EUR and is twice as that of the previous year (PY: 4.0
million EUR). Earnings per share account for 30 Cent (PY: 19 Cent). The
EBITA was 11.0 million EUR (PY: 4.2 million EUR), whereby all the three
segments were able to contribute positively. The S&T Group has already been
able to make a positive contribution to the operating income. In addition,
S&T showed a positive one-off effect of restructuring amounting to 1.5
million EUR.
In addition, an operating cash flow of 0.5 million EUR (PY: -3.5 million
EUR) was achieved. The liquid assets across the Quanmax group rose to 29.9
million EUR (PY: 15.2 million EUR).
The equity capital of the group was 54.6 million EUR (PY: 33.4 million
EUR), of which the shareholders of Quanmax AG account for 49.2 million EUR
(PY: 32.8 million EUR).
After acquiring the S&T Group, the restructuring was speeded up within the
S&T Group and already showed positive results. With a stable equity capital
cover of 23.0 million EUR (PY: 13.5 million EUR), the net debt position of
the S&T Group reduced to 23.4 million EUR (PY: 69.2 million EUR). Even the
integration of the S&T Group has been progressing on fast track in the past
few months. The decision not to continue with unprofitable business
initially resulted in reduced turnover in 2012 but a growth is expected
again in 2013. Three major orders amounting to 10.5 million EUR have been
finally bagged in Slovenia, Poland and Montenegro. The synergies in the
business operations of the two companies are being increasingly used, both
for acquiring customers as well as to combine the purchasing volumes, and a
further increase in profitability of the S&T Group is expected in 2012.
The management expects a turnover of 330 million EUR and a minimum
consolidated profit of 10 million EUR for the current fiscal year of 2012.
The preliminary figures of the first quarter of 2012 confirm the annual
expectations.
About Quanmax AG:
Quanmax AG (ISIN AT0000A0E9W5/WKN A0X9EJ) listed in the Prime Standard of
the Frankfurt Stock Exchange, is one of the largest suppliers of IT
products and IT solutions in Central and Eastern Europe along with the S&T
Group and the brands of chiliGREEN, MAXDATA and SecureGUARD. The company
has been able to record strong growth of late and above average earnings
with solutions for vertical markets, like for e.g. in the segments of
'Infotainment' and 'Security'. By acquiring S&T, Quanmax has expanded into
the emerging markets of Eastern Europe.
16.04.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Quanmax AG
Industriezeile 35
4021 Linz
Austria
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
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