Kontron AG (formerly S&T AG)

Earnings Release • Mar 31, 2011

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

Quanmax AG / Key word(s): Final Results

31.03.2011 07:53

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Quanmax AG achieves record sales in 2010 - further rapid growth expected
for 2011

• Revenue for 2010 was EUR 80.7 million
• 2011 sales expected to exceed EUR 100 million
• EUR 4 million in net earnings for 2010

Linz, 30/03/2011. Quanmax AG generated sales of a total of EUR 80.7 million
in the past financial year. This equates to an increase of more than 30
percent year-on-year (previous year: EUR 59.9 million). Q4 revenue was
EUR 29.4 million, a substantial increase on the previous year's figure (EUR
16.0 million). Operating profit (EBITA) increased by EUR 2.4 million
year-on-year to EUR 4.2 million (2010 figure). Net earnings were EUR 4
million (2009: EUR 3.3 million).

Cash assets amounted to EUR 15.2 million (2009: EUR 15.8 million), while
bank loans and overdrafts totalled EUR 8.2 million. This results in a net
liquidity 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 than
planned, with the new 'IT Solutions' business segment already accounting
for 45 percent of total value creation (gross margin). This business
segment deals with high-tech security appliances optimised for vertical
markets in the automation, gaming and communication sectors. These markets
are driven by the fast-growing Cloud Computing segment and the related
movement of highly sensitive data and computing processes onto the
Internet.

Quanmax AG has had a brilliant start for the 2011 financial year, and
Management is expecting revenue to reach at least EUR 21 million in the
first quarter - an increase of 30 percent on the comparative period (2009:
EUR 16.3 million). For the full 2011 financial year revenue is expected to
exceed EUR 100 million for the first time in the company's history. Until
now 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 Prime
Standard segment of the Frankfurt Stock Exchange, is one of the biggest
sellers of IT products in Austria. Its brands include chiliGREEN, MAXDATA
and SecureGUARD. The company is certified ISO 9001:2008 and employs more
than 200 employees. With Austria as its core market, Quanmax AG is
expanding into its target markets Germany, Switzerland and Eastern Europe.

31.03.2011 DGAP's Distribution Services include Regulatory Announcements,
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Language: English
Company: Quanmax AG
Industriezeile 35
4021 Linz
Österreich
Phone: +43 (732) 7664 - 0
Fax: +43 (732) 7664 - 801
E-mail: ir@quanmax.ag
Internet: www.quanmax.ag
ISIN: AT0000A0E9W5
WKN: A0X9EJ
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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