Quanmax AG achieves record revenues and profit in 2011

Quanmax AG / Key word(s): Final Results16.04.2012 06:52Dissemination 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.---------------------------------------------------------------------------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 of153.2 million EUR in fiscal year of 2011. This corresponds to an increaseof 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 ITproducts segment (PY: 68.2 million EUR), a jump in revenues in the ITsolutions 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&Tgroup that has been consolidated since November 2011 contributed revenuesof 51.3 million EUR in two months.The increase in revenue is also reflected in a significantly positive trendin profit. The planned consolidated annual profit that was last increasedin November 2011 to 7 million EUR has already been significantly exceededwith the 8.3 million EUR and is twice as that of the previous year (PY: 4.0million EUR). Earnings per share account for 30 Cent (PY: 19 Cent). TheEBITA was 11.0 million EUR (PY: 4.2 million EUR), whereby all the threesegments were able to contribute positively. The S&T Group has already beenable to make a positive contribution to the operating income. In addition,S&T showed a positive one-off effect of restructuring amounting to 1.5million EUR.In addition, an operating cash flow of 0.5 million EUR (PY: -3.5 millionEUR) was achieved. The liquid assets across the Quanmax group rose to 29.9million EUR (PY: 15.2 million EUR).The equity capital of the group was 54.6 million EUR (PY: 33.4 millionEUR), 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 theS&T Group and already showed positive results. With a stable equity capitalcover of 23.0 million EUR (PY: 13.5 million EUR), the net debt position ofthe S&T Group reduced to 23.4 million EUR (PY: 69.2 million EUR). Even theintegration of the S&T Group has been progressing on fast track in the pastfew months. The decision not to continue with unprofitable businessinitially resulted in reduced turnover in 2012 but a growth is expectedagain in 2013. Three major orders amounting to 10.5 million EUR have beenfinally bagged in Slovenia, Poland and Montenegro. The synergies in thebusiness operations of the two companies are being increasingly used, bothfor acquiring customers as well as to combine the purchasing volumes, and afurther increase in profitability of the S&T Group is expected in 2012.The management expects a turnover of 330 million EUR and a minimumconsolidated profit of 10 million EUR for the current fiscal year of 2012.The preliminary figures of the first quarter of 2012 confirm the annualexpectations.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. The companyhas been able to record strong growth of late and above average earningswith solutions for vertical markets, like for e.g. in the segments of'Infotainment' and 'Security'. By acquiring S&T, Quanmax has expanded intothe 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--------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------