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

Quanmax AG  / Key word(s): Half Year Results29.07.2011 07:17Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------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 unstintinglycontinued its positive growth trend. Sales increased over the same periodin 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 3.1million in the first half of 2011 while net income amounted to EUR 2.3million over EUR 1.7 million last year. The available cash amounted to EUR12.7 million end of June.Growth drivers were once again products from the IT Solutions businesssegment that were equipped with proprietary technologies. Meanwhile over 80percent of earnings are generated in this segment. Due to the continuousimprovement of the product range, the gross margin could be increased to28.5 percent (27.1 percent in the previous year). Starting from the fiscalyear 2012, the company's growth should be continued through expansion inEastern Europe.For the current second half of the year the company expects further salesgrowth and thus holds the targeted annual turnover of EUR 100 million withdisproportionate increase in earnings at the same timeAbout Quanmax AG:With its brands chiliGREEN, MAXDATA and SecureGUARD, Quanmax AG listed inthe Prime Standard of the Frankfurt Stock Exchange (ISIN AT0000A0E9W5/WKNA0X9EJ) is one of the largest distributors of IT products in Austria and isgrowing especially in the new business area of IT solutions by focusing onvertical markets. The Group currently employs 242 employees.29.07.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de--------------------------------------------------------------------------- Language:     EnglishCompany:      Quanmax AG              Industriezeile 35              4021 Linz              AustriaPhone:        +43 (732) 7664 - 0Fax:          +43 (732) 7664 - 801E-mail:       ir@quanmax.agInternet:     www.quanmax.agISIN:         AT0000A0E9W5WKN:          A0X9EJListed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr              in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------