Quanmax AG (www.quanmax.ag) was able to continue the positive trend in the first quarter of 2012. Due to the planned business development of the S&T Group as well as the Appliances business that has shown strong growth, a turnover of 78.1 million Euros (21.0 million Euros in the previous year) could be achieved.
With a sales of 51.7 million Euros (0 million in the previous year), the S&T Group contributed to this strong growth in sales. The high-margin Appliance business has already generated 8.2 million Euros (5.9 million Euros in the previous) with a net profit of 1.3 million Euros (0.7 million Euros in the previous year), which corresponds to an increase of 80 percent compared to the previous year. Due to the higher share of the Appliances business, the gross margin could be increased to 35.5% compared to 31.6% in the previous year.
The increase in gross margin resulted in a direct increase of the income figures and lead to an EBITA of 4.3 million Euros (1.4 million Euros in the previous year). The consolidated profit for the period increased to 2.9 million Euros (1.0 million Euros in the previous year). This means a profit of 8 cents per share for the shareholders of Quanmax (5 cents in the previous year). The S&T Group was able to once again make a positive contribution to the operating income. As part of the restructuring, the subsidiary in Japan was sold off as the last remaining company from the earlier IMG takeover. The operating cash flow amounted to 0.3 million Euros (2.6 million Euros in the previous year) and was marked by a sharp decrease in supplier debts at S&T.
The liquid assets of the entire Quanmax group amounted to 27.7 million Euros (29.9 million Euros as on 31.12.2011). The financing liabilities amounted to 51.8 million Euros (53.5 million Euros as on 31.12.2011. The equity capital of the group was 55.4 million Euros (54.6 million Euros in the previous year), of which the shareholders of Quanmax AG account for 50.5 million Euros (49.2 million Euros in the previous year). The equity ratio of the Group increased to 27.5 percent compared to 24.0 percent at the end of 2011.
The management affirms the plan of achieving a turnover of 330 million Euros and a minimum consolidated profit of 10 million Euros for the current fiscal year of 2012. The figures of the first quarter of 2012 confirm the annual expectations.