Quanmax AG achieves record turnover in 2011

Quanmax AG  / Key word(s): Preliminary Results/Final Results12.03.2012 07:27Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------  - turnover exceeds 150 million EUR (previous year 81 million EUR)  - the planned consolidated profit of 7 million EUR will be exceeded by a    considerable margin  - the value of liquid assets is 29 million EUR  - S&T generates a sales revenue of approximately 50 million EUR with a    slight profit marginLinz, 12.03.2012. Quanmax AG (www.quanmax.ag) achieved a record turnoverexceeding 150 million EUR during the previous fiscal year of 2011, subjectto the final figures being published. The final figures for fiscal year2011 will be published on 16.04.2012.In addition to stable business in the business division of IT products, theincreasing demand for IT solutions (appliances) especially contributed tothe significant increase in turnover during the previous fiscal year. TheS&T Group that has been consolidated since November 2011 contributed aturnover of about 50 million EUR in two months.The increase in turnover is also reflected in a significantly positivetrend in profit. The originally planned consolidated annual profit of 7million EUR will probably be exceeded by a significant margin.Restructuring measures in the S&T Group were accelerated in the fourthquarter of the previous fiscal year and are already showing gratifyingresults. The financial debts of the S&T Group have also reduced due to astable equity position. What is also positive is the fact that suppliersand credit insurers have started granting credit limits to S&T which inturn has increased the liquid assets of the Quanmax Group 29 million EUR.The integration of the S&T Group has been progressing on fast track in thepast few months. The decision not to continue with unprofitable businessinitially resulted in a reduced turnover but the trend is expected tochange in the current fiscal year. Two major orders amounting to 7 millionEUR have already been bagged from public authorities in Poland andMontenegro. The synergies in the business operations of the two companiesare being increasingly used, both for acquiring customers as well as tocombine the purchasing volumes, and a further increase in profitability ofthe S&T Group is expected in 2012.About Quanmax AG:Quanmax AG (ISIN AT0000A0E9W5/WKN A0X9EJ) listed in the Prime Standard ofthe Frankfurt Stock Exchange, is one of the largest suppliers of ITproducts and IT solutions in Central and Eastern Europe along with the S&TGroup and the brands of chiliGREEN, MAXDATA and SecureGuard. Of late thecompany has shown strong growth and above average earnings in the'Infotainment' and 'industrial automation' segments with solutions forvertical markets. By acquiring S&T, Quanmax has expanded into the emergingmarkets of Eastern Europe.12.03.2012 DGAP's Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de--------------------------------------------------------------------------- Language:     EnglishCompany:      Quanmax AG              Industriezeile 35              4021 Linz              AustriaPhone:        +43 (732) 7664 - 0Fax:          +43 (732) 7664 - 801E-mail:       ir@quanmax.agInternet:     www.quanmax.agISIN:         AT0000A0E9W5WKN:          A0X9EJListed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr              in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------