Record sales in 2010 - further rapid growth expected for 2011

31.03.2011 | Austria
  • Revenue for 2010 was EUR 80.7 million
  • 2011 sales expected to exceed EUR 100 million
  • EUR 4 million in net earnings for 2010

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.

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