Quanmax AG: Record sales in 2010 - further rapid growth expected for 2011

Quanmax AG / Key word(s): Final Results31.03.2011 07:53Dissemination 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 sales in 2010 - further rapid growth expectedfor 2011 - Revenue for 2010 was EUR 80.7 million - 2011 sales expected to exceed EUR 100 million - EUR 4 million in net earnings for 2010Linz, 30/03/2011. Quanmax AG generated sales of a total of EUR 80.7 millionin the past financial year. This equates to an increase of more than 30percent year-on-year (previous year: EUR 59.9 million). Q4 revenue wasEUR 29.4 million, a substantial increase on the previous year's figure (EUR16.0 million). Operating profit (EBITA) increased by EUR 2.4 millionyear-on-year to EUR 4.2 million (2010 figure). Net earnings were EUR 4million (2009: EUR 3.3 million).Cash assets amounted to EUR 15.2 million (2009: EUR 15.8 million), whilebank loans and overdrafts totalled EUR 8.2 million. This results in a netliquidity of EUR 7 million. Equity capital rose to EUR 33.4 million (2009:EUR 18.1 million), resulting in an equity ratio of 51.5 percent.The company's reorganisation into a technology group went ahead faster thanplanned, with the new 'IT Solutions' business segment already accountingfor 45 percent of total value creation (gross margin). This businesssegment deals with high-tech security appliances optimised for verticalmarkets in the automation, gaming and communication sectors. These marketsare driven by the fast-growing Cloud Computing segment and the relatedmovement of highly sensitive data and computing processes onto theInternet.Quanmax AG has had a brilliant start for the 2011 financial year, andManagement is expecting revenue to reach at least EUR 21 million in thefirst quarter - an increase of 30 percent on the comparative period (2009:EUR 16.3 million). For the full 2011 financial year revenue is expected toexceed EUR 100 million for the first time in the company's history. Untilnow we had planned to pass the EUR 100 million mark no earlier than 2012.The growing technology component should raise the gross margin further,leading to disproportionately high growth in net profits.About Quanmax AG:Quanmax AG (ISIN AT0000A0E9W5/WKN A0X9EJ), a company listed in the PrimeStandard segment of the Frankfurt Stock Exchange, is one of the biggestsellers of IT products in Austria. Its brands include chiliGREEN, MAXDATAand SecureGUARD. The company is certified ISO 9001:2008 and employs morethan 200 employees. With Austria as its core market, Quanmax AG isexpanding into its target markets Germany, Switzerland and Eastern Europe.31.03.2011 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 ---------------------------------------------------------------------------