DGAP-News: MAGIX AG: MAGIX publishes quarterly report
(firmenpresse) - MAGIX AG / Interim Report/Quarter Results
26.02.2010 08:01
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Berlin, 26 February 2010 - This Friday, MAGIX AG (ISIN DE0007220782),
listed on the Prime Standard, published the group results for the first
three months of the financial year 2009/2010 (as of 31 December 2009).
According to the report, the company increased its earnings before interest
and taxes (EBIT) by 48% to kEUR 1,204 in the first quarter.
Quarterly sales rose slightly by 4% to kEUR 9,543 (previous year: kEUR
9,200). While sales figures in the consumer division, especially in
German-speaking countries, showed a downward trend, all other divisions and
regions showed increases. The consumer division, which represents sales
through retail distribution, suffered as a result of the downturn in the
consumption climate and was increasingly substituted by direct sales via
the Internet. As a consequence, the Portal division contributed the highest
revenue for the first time in the company's history.
Against the background of a comparatively small revenue increase, the gross
margin rose by 14% to kEUR 8,185 (previous year: kEUR 7,194). With regard
to revenues, the gross margin was 86%, compared to 78% last year. In this
context, targeted sales of high-margin software for business clients as
well as reduced sales of product packages with weaker margins due to
included third-party hardware components had a positive effect.
The group's operative costs (without write-offs) increased by 16% to kEUR
6,437 (previous year: kEUR 5,546). The sales department which makes up the
largest portion of operative costs with 54%, showed a clear increase by 27%
to kEUR 3,449 (previous year kEUR 2,723). This was mainly a result of the
group's intensive marketing activities.
The higher operative costs were accompanied by lower write-offs amounting
to kEUR 800 (previous year: kEUR 888) as well as an increase in other
income amounting to kEUR 258 (previous year: kEUR 54) causing the EBIT to
increase by 48% to kEUR 1,204 compared to the previous year (kEUR 813). The
EBIT margin increased from 9% to 13%. The operative cash flow more than
doubled to kEUR 2,947 compared to the previous year's value of kEUR 1,361.
Based on the positive development in the first quarter and against the
background of moderate growth and slight increases of operative costs, the
group's management expects to continue to increase the EBIT for the
financial year 2009/2010 compared to last year. As in previous years, the
fourth quarter will contribute substantially, while the second and
particularly the third quarter are estimated to be weaker than the first
quarter due to the publication cycles of the software products.
The full quarterly report can be downloaded from Deutsche Börse (the German
Stock exchange) or from the website of MAGIX AG after 9.30 am.
About MAGIX
MAGIX is an internationally operating provider of software, online services
and digital contents for using multimedia products and services for
personal and business communication, and is Prime Standard-listed on the
German stock exchange. MAGIX offers private and professional users a
technologically demanding and at the same time user-friendly range of
software, online services and digital contents for design, editing,presentation and archiving of digital photos, videos, music, documents and
websites.
MAGIX AG, Friedrichstr. 200, 10117 Berlin, Germany
ISIN: DE0007220782
Official market in Frankfurt (Prime Standard)
You can find further information and online photo material at our press
center (http://www.magix.com/us/magix-ag/press/news-press-releases/), or
receive them directly from our press team.
26.02.2010 08:01 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: MAGIX AG
Friedrichstraße 200
10117 Berlin
Deutschland
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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Datum: 26.02.2010 - 08:01 Uhr
Sprache: Deutsch
News-ID 17118
Anzahl Zeichen: 0
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Kategorie:
Business News
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