DGAP-News: MAGIX releases its semi-annual report
(firmenpresse) - MAGIX AG / Interim Report/Half Year Results
28.05.2010 08:30
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
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Berlin, 28 May 2010 - This Friday, MAGIX AG (ISIN DE0007220782), listed on
the Prime Standard, published the group results for the first six months of
the financial year 2009/2010 (as of 31 March 2010). According to the
report, the group increased its revenues by 6% to kEUR 18,335 and earnings
before interest and taxes (EBIT) by 155% to kEUR 2,515 in the first six
months.
As in the previous years, the Portal division continued to be strong. In
this division MAGIX generates its revenues mainly from the group's own
websites which distribute the complete range of MAGIX products. In the
second quarter, the division's revenues were kEUR 3,721, and in the first
six months they totaled kEUR 8,241. Thus, a revenue growth of 14% was
recorded in the first as well as in the second quarter.
In the Consumer division, which unites retail product sales, the effects of
the troubled consumer climate were noticeable. Due to the special editions
of MAGIX' most important products, which enjoyed a repeat success on the
market, revenues in the second quarter were kEUR 4,502, remaining almost
unchanged (previous year: kEUR 4,532), and the divisions's 6-month results
were 6% lower, at kEUR 8,796.
The rise in revenues was accompanied by a decrease of the costs of sales.
The 6-month comparison of gross margin showed growth from 80%, or kEUR
13,870 in 2008/2009 to 85% or kEUR 15,605 in 2009/2010. Reduced sales of
product packages including third-party hardware, which result in lower
margins, as well as noticeable increase in demand for professional
software, which has higher margins, had an overall positive effect.
The higher gross margin was contrasted by largely planned higher operative
costs (+5% to kEUR 11,648), lower depreciation (-6% to kEUR 1,651) and
higher other earnings (kEUR 209 to kEUR -55 previous year). EBIT is almost
equally distributed between the first two quarters of the current fiscal
year with kEUR 1,204 (+48%) and kEUR 1,311 (+653%). EBIT margins after six
months increased from 6% in the previous year to 14%. Showing a respectable
value of kEUR 3,948 in the previous year, operative cash flow in the
reporting period also grew to kEUR 5,602.
Based on the positive development in the first six months, the Group's
Management expects to continue to increase revenues and EBIT for the
financial year 2009/2010 compared to the last year, while experiencing a
slight increase in operative costs. Looking at the second half of the
current fiscal year, the third quarter will have slightly higher, and the
fourth quarter slightly lower profits as compared to the last year, whereby
the final quarter will bring in substantial profits, as in the past.
The complete six-month 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 content for using multimedia products and services for personal
and business communication, and is listed on the Prime Standard of the
German stock exchange. MAGIX offers private and professional users a
technologically demandingand at the same time user-friendly offer range of
products for designing, editing, presenting and archiving digital photos,
videos, music, documents and websites.
Measured by retail sales figures, MAGIX is the market leader in the field
of multimedia software in Germany and in the most important European
markets, and it also counts in the USA as one of the country's most
successful market participants. 15 years of market activity and more than a
thousand awards worldwide are proof of the company's innovative power.
15 years of MAGIX - 15 years of passion for innovation
MAGIX AG, Friedrichstr. 200, 10117 Berlin
ISIN: DE0007220782
Regulated 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.
28.05.2010 08:30 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: 28.05.2010 - 08:30 Uhr
Sprache: Deutsch
News-ID 21604
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Kategorie:
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