Kontron AG (formerly S&T AG)

Earnings Release • Jul 29, 2011

News Details

Ad-hoc | 29 July 2011 07:17

Quanmax AG: 33% growth in revenue in the first half of 2011

Quanmax AG / Key word(s): Half Year Results

29.07.2011 07:17

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Quanmax AG with 33% growth in revenue in the first half of 2011

• Increase in turnover by 33 percent to EUR 43.6 million
• Higher gross margin of 28.5 percent through more hi-tech share
• EBITA rises to EUR 3.1 million (previous year EUR 1.6 million)

Linz, 29.7.2011. Also in the first half of 2011, Quanmax AG unstintingly
continued its positive growth trend. Sales increased over the same period
in 2010 by around 33 percent, from EUR 32.7 million to 43.6 million.
Compared to EUR 1.6 million in the first half of 2010 EBITA was at EUR 3.1
million in the first half of 2011 while net income amounted to EUR 2.3
million over EUR 1.7 million last year. The available cash amounted to EUR
12.7 million end of June.

Growth drivers were once again products from the IT Solutions business
segment that were equipped with proprietary technologies. Meanwhile over 80
percent of earnings are generated in this segment. Due to the continuous
improvement of the product range, the gross margin could be increased to
28.5 percent (27.1 percent in the previous year). Starting from the fiscal
year 2012, the company's growth should be continued through expansion in
Eastern Europe.

For the current second half of the year the company expects further sales
growth and thus holds the targeted annual turnover of EUR 100 million with
disproportionate increase in earnings at the same time

About Quanmax AG:

With its brands chiliGREEN, MAXDATA and SecureGUARD, Quanmax AG listed in
the Prime Standard of the Frankfurt Stock Exchange (ISIN AT0000A0E9W5/WKN
A0X9EJ) is one of the largest distributors of IT products in Austria and is
growing especially in the new business area of IT solutions by focusing on
vertical markets. The Group currently employs 242 employees.

29.07.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language: English
Company: Quanmax AG
Industriezeile 35
4021 Linz
Austria
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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