Quanmax AG has set its sights firmly on a turnover of EUR 100 million

Quanmax AG / Key word(s): Quarter Results28.04.2011 07:38Dissemination 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 has set its sights firmly on a turnover of EUR 100 million- 30 percent revenue growth: EUR 21 million revenue in the first quarter - higher gross margin of 31 percent due to strong growth of the IT solutions segment- EBITA rises to EUR 1.4 million (previous year EUR 0.8 million) Linz, 28.4.2011. After an excellent closing of the fiscal year 2010, thefirst quarter of 2011 has also developed successfully for Quanmax AG: Theturnover increased over the same period in 2010 by about 30 percent, fromEUR 16.3 to 21.0 million. The operating result (EBITA) amounted to EUR1.42 million (Q1/2011) after EUR 0.8 million (Q1/2010), the net resultamounted to EUR 1.4 million after EUR 0.8 million last year. Owing to theprofits made and an optimised working capital structure, the operative cashflow in the first quarter was EUR 2.6 million. The cash amounted to EUR14.5 million as on 31.3.2011 (EUR 15.2 million on 31.12.2010).The IT Solutions segment was particularly successful: in this area, Quanmaxwas able to increase the turnover from EUR 1.8 million to EUR 5.8 million.The Appliances product group - which are IT systems tailor-made fordedicated applications and include various hardware and software components- contributed to this success in particular. Based on gross margins ofover 60 percent, this business area already contributes 55 percent of thetotal gross margin.For the current quarter, the company expects the turnover to increasefurther by EUR 23 million and is thus determined to achieve the targetedannual turnover of EUR 100 million while also increasing the profitsdisproportionately.About Quanmax AG:Quanmax AG (ISIN AT0000A0E9W5/WKN A0X9EJ), which is listed in the PrimeStandard of the Frankfurt Stock Exchange, is one of the largest marketersof IT products in Austria with the brands chiliGREEN, MAXDATA andSecureGUARD. It has been active in vertical markets for some time nowwith the new business area IT Solutions. This ISO 9001:2008 certifiedcompany employs 241 employees. In addition to the core market of Austria,Quanmax AG has expanded in the target markets of Germany, Switzerland andEastern Europe.28.04.2011 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 ÖsterreichPhone: +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 ---------------------------------------------------------------------------