DGAP-News: MAGIX AG: Preliminary figures for the third quarter 2011/2012
(firmenpresse) - DGAP-News: MAGIX AG / Key word(s): Quarter Results/Preliminary Results
MAGIX AG: Preliminary figures for the third quarter 2011/2012
31.07.2012 / 08:00
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Berlin, July 31, 2012 - The Management Board of MAGIX AG (ISIN DE
0007220782) has today in an online presentation released the preliminary,
unaudited figures for the Group after nine months of the current financial
year. According to these figures, revenue and earnings before interest and
taxes (EBIT) in the third quarter was only slightly below the results for
the previous year.
Due to the annual release cycle, revenue at MAGIX is distributed rather
heterogeneously across the quarters. In contrast to the the first and
fourth quarters, results during the second and third quarters are
comparably weaker. This also appears to hold true for 2011/2012.
In the third quarter Group revenue was EUR 6.0 million (-1% compared to the
previous year) which resulted in an EBIT of EUR -1.4 million (-13%). The
tense situation in the PC market and the retail sector has put considerable
strain on Group business in 2011/2012. In the first three quarters group
revenue was EUR 20.8 million (-17%). Direct business and the even stronger
B2B division remained stable during this time.
In the third quarter operating costs were reduced by 7% to EUR 5.5 million
and in the first three quarters by 5% to EUR 16.5 million without
restricting accelerated entry into the market for PC system tools and the
expansion of B2B business. Compared to the previous year, the EBIT dropped
from EUR 1.9 million down to EUR -1.6 million.
Looking forward to the fourth quarter, the company expects better revenue
and results than the third quarter but with figures below those of the
previous year. Consequently, negative results for the current financial
year cannot be ruled out.
The company will publish the nine-month report on August 31, 2012.
This document contains forward-looking statements. Forward-looking
statements are statements that do not describe historical facts, but use
terms such as 'believe', 'assume', 'expect', 'presume', 'estimate', 'plan',
'intend', 'could', or similar expressions. By nature, these forward-looking
statements are subject to risks and imponderability as they refer to future
events and are based on current assumptions and estimations of MAGIX AG,
which may not turn out to be true at all or may turn out differently than
expected. Therefore, they are no guarantee for future results or future
performance of MAGIX AG; the actual financial situation, the results
achieved by MAGIX AG as well as the overall economic development and legal
framework may deviate considerably from the expectations that are taken as
a basis implicitly or explicitly in the forward-looking statements and may
not fulfill them. Investors are therefore warned not to use the
forward-looking statements outlined here as a basis for their investment
decisions related to MAGIX AG.
MAGIX AG assumes no obligation to update or correct forward-looking
statements or to adapt forward-looking statements according to future
events or developments provided that there is no legal obligation to do so.
About MAGIX
MAGIX AG is a management holding with several subsidiaries and offices
around the globe. The subsidiaries have different business models but are
all mainly active in the fields of software, online services anddigital
content. The subsidiaries currently have approximately 340 employees.
Contact:
MAGIX AG
Dr. Sven Reichardt
Tel +49 (0)30-29392280
Fax +49 (0)30-29392415
ir[at]magix.net
End of Corporate News
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Language: English
Company: MAGIX AG
Friedrichstraße 200
10117 Berlin
Germany
Phone: +49 (0)30- 29 39 2-280
Fax: +49 (0)30- 29 39 2-415
E-mail: ir(at)magix.net
Internet: www.magix.com
ISIN: DE0007220782
WKN: 722078
Indices: Prime Software, Prime IG Software
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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179602 31.07.2012
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