Quanmax AG affirms positive trend with record gross margin in the first

Quanmax AG / Key word(s): Quarter Results14.05.2012 06:51Dissemination 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 affirms positive trend with record gross margin in the firstquarter 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 previousyear)- Consolidated profit amounts to 2.9 million Euros (1.0 million Euros in theprevious year)Linz, 14.05.2012. Quanmax AG (www.quanmax.ag) was able to continue thepositive trend in the first quarter of 2012. Due to the planned businessdevelopment of the S&T Group as well as the Appliances business that hasshown strong growth, a turnover of 78.1 million Euros (21.0 million Eurosin the previous year) could be achieved.With a sales of 51.7 million Euros (0 million in the previous year), theS&T Group contributed to this strong growth in sales. The high-marginAppliance business has already generated 8.2 million Euros (5.9 millionEuros in the previous) with a net profit of 1.3 million Euros (0.7 millionEuros in the previous year), which corresponds to an increase of 80 percentcompared to the previous year. Due to the higher share of the Appliancesbusiness, the gross margin could be increased to 35.5% compared to 31.6% inthe previous year.The increase in gross margin resulted in a direct increase of the incomefigures and lead to an EBITA of 4.3 million Euros (1.4 million Euros in theprevious year). The consolidated profit for the period increased to 2.9million Euros (1.0 million Euros in the previous year). This means a profitof 8 cents per share for the shareholders of Quanmax (5 cents in theprevious year). The S&T Group was able to once again make a positivecontribution to the operating income. As part of the restructuring, thesubsidiary in Japan was sold off as the last remaining company from theearlier 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 decreasein supplier debts at S&T.The liquid assets of the entire Quanmax group amounted to 27.7 millionEuros (29.9 million Euros as on 31.12.2011). The financing liabilitiesamounted to 51.8 million Euros (53.5 million Euros as on 31.12.2011. Theequity capital of the group was 55.4 million Euros (54.6 million Euros inthe previous year), of which the shareholders of Quanmax AG account for50.5 million Euros (49.2 million Euros in the previous year). The equityratio of the Group increased to 27.5 percent compared to 24.0 percent atthe end of 2011.The management affirms the plan of achieving a turnover of 330 millionEuros and a minimum consolidated profit of 10 million Euros for the currentfiscal year of 2012. The figures of the first quarter of 2012 confirm theannual expectations.About Quanmax AG:Quanmax AG (ISIN AT0000A0E9W5/WKN A0X9EJ) which is listed in the PrimeStandard of the Frankfurt Stock Exchange, is a systems-supplier withproprietary technology and is one of the largest supplier of IT productsand IT solutions in Central and Eastern Europe. The company has been ableto record strong growth of late and above average earnings with solutionsfor 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--------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------