Half-year report 2012: Quanmax AG – consistently on a profitable growth course

08.08.2012 | Austria

Quanmax AG (www.quanmax.ag) continued its positive trend of the previous quarters in the second quarter of 2012: With revenues of EUR 80.1 million (previous year: EUR 22.6 million) in the second quarter of 2012, revenues of EUR 158.2 million (previous year: EUR 43.6 million) could be generated in the first half of 2012. Besides the S&T Group with EUR 103.6 million (not held by the Group in the previous year), significant drivers of revenues were the products, mainly from the segment "appliances" with EUR 17.6 million (previous year: EUR 11.4 million). Due to the change in the range of products with a higher proportion of solutions and proprietary technology, the gross margin could be increased again: To 35.1 percent in the second quarter (previous year: 25.6 percent) and to 35.5 percent in the first half of the year (previous year: 28.5 percent).

EBITA amounted to EUR 3.7 million in the second quarter and EUR 8.0 million in the first six months (previous year: EUR 4.3 million). The profit amounted to EUR 2.7 million in the second quarter and EUR 5.6 million in the first six months (previous year: EUR 1.4 million and EUR 2.3 million). The S&T Group acquired in October 2011 was also able to generate positive earnings for the third quarter in a row. The on-going restructuring measures with one-time cost of EUR 2.6 million contributed to further improved operating cost structure in the first half of the year and are included in the income.

Cash assets in the whole Quanmax Group amounted to EUR 24.1 million on 30.06.2012 (31.12.2011: EUR 29.9 million). The operative cashflow amounted to EUR -0.6 million in the first six months (previous year: EUR -1.4 million). Strong sales in June and projects in the security segment were not yet settled as non-cash item in the process. The financial liabilities amounted to EUR 52.0 million (31.12.2011: EUR 53.5 million). The equity capital of the group was EUR 58.0 million (31.12.2011: EUR 54.6 million), minus EUR 52.3 million (31.12.2011: EUR 49.2 million) to the shareholders of Quanmax AG. The Group's equity capital ratio rose to 30.1 percent as against 24.0 percent at the end of 2011.

In the first half of the year, several major projects could be acquired in the Government area. With this the scheduled short-term orders in hand amounted to EUR 80.5 million on 30 June, the project pipeline is worth EUR187.5 million. The figures for the first half-year and the strong receipt of orders confirm the forecasts for the year: Therefore, the management confirms the targets of EUR 330 million revenues and EUR 10 million consolidated profit for the current fiscal year.

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