Quanmax AG / Key word(s): Quarter Results
14.05.2012 06:51
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 affirms positive trend with record gross margin in the first
quarter of 2012
- Sales exceeds 78.1 million Euros (21.0 million Euros in the previous year)
- Gross margin crosses 35 percent for the first time (31.6% in the previous
year)
- Consolidated profit amounts to 2.9 million Euros (1.0 million Euros in the
previous year)
Linz, 14.05.2012. Quanmax AG (www.quanmax.ag) was able to continue the
positive trend in the first quarter of 2012. Due to the planned business
development of the S&T Group as well as the Appliances business that has
shown strong growth, a turnover of 78.1 million Euros (21.0 million Euros
in the previous year) could be achieved.
With a sales of 51.7 million Euros (0 million in the previous year), the
S&T Group contributed to this strong growth in sales. The high-margin
Appliance business has already generated 8.2 million Euros (5.9 million
Euros in the previous) with a net profit of 1.3 million Euros (0.7 million
Euros in the previous year), which corresponds to an increase of 80 percent
compared to the previous year. Due to the higher share of the Appliances
business, the gross margin could be increased to 35.5% compared to 31.6% in
the previous year.
The increase in gross margin resulted in a direct increase of the income
figures and lead to an EBITA of 4.3 million Euros (1.4 million Euros in the
previous year). The consolidated profit for the period increased to 2.9
million Euros (1.0 million Euros in the previous year). This means a profit
of 8 cents per share for the shareholders of Quanmax (5 cents in the
previous year). The S&T Group was able to once again make a positive
contribution to the operating income. As part of the restructuring, the
subsidiary in Japan was sold off as the last remaining company from the
earlier IMG takeover. The operating cash flow amounted to 0.3 million Euros
(2.6 million Euros in the previous year) and was marked by a sharp decrease
in supplier debts at S&T.
The liquid assets of the entire Quanmax group amounted to 27.7 million
Euros (29.9 million Euros as on 31.12.2011). The financing liabilities
amounted to 51.8 million Euros (53.5 million Euros as on 31.12.2011. The
equity capital of the group was 55.4 million Euros (54.6 million Euros in
the previous year), of which the shareholders of Quanmax AG account for
50.5 million Euros (49.2 million Euros in the previous year). The equity
ratio of the Group increased to 27.5 percent compared to 24.0 percent at
the end of 2011.
The management affirms the plan of achieving a turnover of 330 million
Euros and a minimum consolidated profit of 10 million Euros for the current
fiscal year of 2012. The figures of the first quarter of 2012 confirm the
annual expectations.
About Quanmax AG:
Quanmax AG (ISIN AT0000A0E9W5/WKN A0X9EJ) which is listed in the Prime
Standard of the Frankfurt Stock Exchange, is a systems-supplier with
proprietary technology and is one of the largest supplier of IT products
and IT solutions in Central and Eastern Europe. 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'.
14.05.2012 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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DGAP-Adhoc: Quanmax AG affirms positive trend with record gross margin in the first
| Source: EQS Group AG