QUANMAX AG : achieves record revenues and profit in 2011

Quanmax AG achieves record revenues and profit in 2011

- Revenues exceed 153.2 million EUR (PY: 80.7 million EUR)
- Consolidated profit doubles to 8.3 million EUR (PY: 4.0 million EUR); Earnings per share 30 Cent (PY: 19 Cent)
- Liquid assets increased  to 29.9 million EUR (PY: 15.2 million EUR)

Linz, 16.04.2012. Quanmax AG (www.quanmax.ag) achieved record revenues of 153.2 million EUR in fiscal year of 2011. This corresponds to an increase of 90 percent compared to 80.7 million EUR in the previous year.

In addition to the stable 74.2 million EUR business revenue in the IT products segment (PY: 68.2 million EUR), a jump in revenues in the IT solutions segment (appliances) to 27.7 million EUR (PY: 12.5 million EUR) resulted in a significant growth of revenue in fiscal year of 2011. The S&T group that has been consolidated since November 2011 contributed revenues of 51.3 million EUR in two months.

The increase in revenue is also reflected in a significantly positive trend in profit. The planned consolidated annual profit that was last increased in November 2011 to 7 million EUR has already been significantly exceeded with the 8.3 million EUR and is twice as that of the previous year (PY: 4.0 million EUR). Earnings per share account for 30 Cent (PY: 19 Cent). The EBITA was 11.0 million EUR (PY: 4.2 million EUR), whereby all the three segments were able to contribute positively. The S&T Group has already been able to make a positive contribution to the operating income. In addition, S&T showed a positive one-off effect of restructuring amounting to 1.5 million EUR.

After acquiring the S&T Group, the restructuring was speeded up within the S&T Group and already showed positive results. With a stable equity capital cover of 23.0 million EUR (PY: 13.5 million EUR), the net debt position of the S&T Group reduced to 23.4 million EUR (PY: 69.2 million EUR). Even the integration of the S&T Group has been progressing on fast track in the past few months. The decision not to continue with unprofitable business initially resulted in reduced turnover in 2012 but a growth is expected again in 2013. Three major orders amounting to 10.5 million EUR have been finally bagged in Slovenia, Poland and Montenegro. The synergies in the business operations of the two companies are being increasingly used, both for acquiring customers as well as to combine the purchasing volumes, and a further increase in profitability of the S&T Group is expected in 2012.

The management expects a turnover of 330 million EUR and a minimum consolidated profit of 10 million EUR for the current fiscal year of 2012. The preliminary figures of the first quarter of 2012 confirm the annual expectations.

About Quanmax AG:
Quanmax AG (ISIN AT0000A0E9W5/WKN A0X9EJ) listed in the Prime Standard of the Frankfurt Stock Exchange, is one of the largest suppliers of IT products and IT solutions in Central and Eastern Europe along with the S&T Group and the brands of chiliGREEN, MAXDATA and SecureGUARD. The company has been able to record strong growth of late and above average earnings with solutions for vertical markets, like for e.g. in the segments of "Infotainment" and "Security". By acquiring S&T, Quanmax has expanded into the emerging markets of Eastern Europe.