Quanmax AG / Key word(s): Half Year Results
08.08.2012 06:56
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- Revenue climbed in the first half of the year to about EUR 158.2
million (previous year: EUR 43.6 million).
- Gross margin increased further to 35.5 percent (previous year: 28.5
percent)
- Consolidated profit is EUR 5.6 million (previous year: EUR 2.3 million)
Linz, 08.08.2012. Quanmax AG (www.quanmax.ag) continued its positive trend
of the previous quarters in the second quarter of 2012: With revenues of
EUR 80.1 million (previous year: EUR 22.6 million) in the second quarter of
2012, revenues of EUR 158.2 million (previous year: EUR 43.6 million) could
be generated in the first half of 2012. Besides the S&T Group with EUR
103.6 million (not held by the Group in the previous year), significant
drivers of revenues were the products, mainly from the segment 'appliances'
with EUR 17.6 million (previous year: EUR 11.4 million). Due to the change
in the range of products with a higher proportion of solutions and
proprietary technology, the gross margin could be increased again: To 35.1
percent in the second quarter (previous year: 25.6 percent) and to 35.5
percent in the first half of the year (previous year: 28.5 percent).
EBITA amounted to EUR 3.7 million in the second quarter and EUR 8.0 million
in the first six months (previous year: EUR 4.3 million). The profit
amounted to EUR 2.7 million in the second quarter and EUR 5.6 million in
the first six months (previous year: EUR 1.4 million and EUR 2.3 million).
The S&T Group acquired in October 2011 was also able to generate positive
earnings for the third quarter in a row. The on-going restructuring
measures with one-time cost of EUR 2.6 million contributed to further
improved operating cost structure in the first half of the year and are
included in the income.
Cash assets in the whole Quanmax Group amounted to EUR 24.1 million on
30.06.2012 (31.12.2011: EUR 29.9 million). The operative cashflow amounted
to EUR -0.6 million in the first six months (previous year: EUR -1.4
million). Strong sales in June and projects in the security segment were
not yet settled as non-cash item in the process. The financial liabilities
amounted to EUR 52.0 million (31.12.2011: EUR 53.5 million). The equity
capital of the group was EUR 58.0 million (31.12.2011: EUR 54.6 million),
minus EUR 52.3 million (31.12.2011: EUR 49.2 million) to the shareholders
of Quanmax AG. The Group's equity capital ratio rose to 30.1 percent as
against 24.0 percent at the end of 2011.
In the first half of the year, several major projects could be acquired in
the Government area. With this the scheduled short-term orders in hand
amounted to EUR 80.5 million on 30 June, the project pipeline is worth
EUR187.5 million. The figures for the first half-year and the strong
receipt of orders confirm the forecasts for the year: Therefore, the
management confirms the targets of EUR 330 million revenues and EUR 10
million consolidated profit for the current fiscal year.
About Quanmax AG:
Quanmax AG listed in the Prime Standard of Frankfurt Stock Exchange (ISIN
AT0000A0E9W5/WKN A0X9EJ) is a systems house with proprietary technology and
is one of the largest providers of IT products and IT solutions in Central
and Eastern Europe. With solutions for vertical markets, the company could
lately grow strongly in the areas of 'infotainment' and 'Security', and
increase its profit considerably.
08.08.2012 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: [email protected]
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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