Quanmax AG - consistently on a profitable growth course

Quanmax AG / Key word(s): Half Year Results08.08.2012 06:56Dissemination 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.---------------------------------------------------------------------------- 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 trendof the previous quarters in the second quarter of 2012: With revenues ofEUR 80.1 million (previous year: EUR 22.6 million) in the second quarter of2012, revenues of EUR 158.2 million (previous year: EUR 43.6 million) couldbe generated in the first half of 2012. Besides the S&T Group with EUR103.6 million (not held by the Group in the previous year), significantdrivers of revenues were the products, mainly from the segment 'appliances'with EUR 17.6 million (previous year: EUR 11.4 million). Due to the changein the range of products with a higher proportion of solutions andproprietary technology, the gross margin could be increased again: To 35.1percent in the second quarter (previous year: 25.6 percent) and to 35.5percent 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 millionin the first six months (previous year: EUR 4.3 million). The profitamounted to EUR 2.7 million in the second quarter and EUR 5.6 million inthe 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 positiveearnings for the third quarter in a row. The on-going restructuringmeasures with one-time cost of EUR 2.6 million contributed to furtherimproved operating cost structure in the first half of the year and areincluded in the income.Cash assets in the whole Quanmax Group amounted to EUR 24.1 million on30.06.2012 (31.12.2011: EUR 29.9 million). The operative cashflow amountedto EUR -0.6 million in the first six months (previous year: EUR -1.4million). Strong sales in June and projects in the security segment werenot yet settled as non-cash item in the process. The financial liabilitiesamounted to EUR 52.0 million (31.12.2011: EUR 53.5 million). The equitycapital 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 shareholdersof Quanmax AG. The Group's equity capital ratio rose to 30.1 percent asagainst 24.0 percent at the end of 2011.In the first half of the year, several major projects could be acquired inthe Government area. With this the scheduled short-term orders in handamounted to EUR 80.5 million on 30 June, the project pipeline is worthEUR187.5 million. The figures for the first half-year and the strongreceipt of orders confirm the forecasts for the year: Therefore, themanagement confirms the targets of EUR 330 million revenues and EUR 10million consolidated profit for the current fiscal year.About Quanmax AG:Quanmax AG listed in the Prime Standard of Frankfurt Stock Exchange (ISINAT0000A0E9W5/WKN A0X9EJ) is a systems house with proprietary technology andis one of the largest providers of IT products and IT solutions in Centraland Eastern Europe. With solutions for vertical markets, the company couldlately grow strongly in the areas of 'infotainment' and 'Security', andincrease 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--------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------