DGAP-News: MAGIX publishes Q1 Report
(firmenpresse) - DGAP-News: MAGIX AG / Key word(s): Interim Report/Quarter Results
MAGIX publishes Q1 Report
28.02.2011 / 08:45
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Berlin, February 28, 2011 - MAGIX AG (ISIN DE 0007220782; Stock market
code: MGX), a leading manufacturer of multimedia software from Berlin and
listed on the Prime Standard, released its Group results for the first
three months of the 2010/2011 fiscal year (start: October 1, 2010) this
Monday. MAGIX used the positive economic climate of the first quarter to
boost growth and raised its earnings before interest and taxes (EBIT)
considerably by 65% to kEUR 1,985. The EBIT margin rose from 13% in the
previous year to 18%.
Revenues developed especially positive with two-digit growth rates in all
business areas. Quarterly sales rose by 13% to kEUR 10,736 (previous year:
kEUR 9,543).
'Our business divisions are now organized even more efficiently and
transparently. Most of our revenues still are generated from private
consumers either by direct customer contact through our website or
indirectly via trade partners such as Media Markt, Fnac or Amazon. Thus, we
now distinguish between business areas B2C direct and B2C indirect,' says
MAGIX CEO Jürgen Jaron.
In the first quarter of the 2010/2011 financial year the B2C indirect area
grew by 14% to kEUR 4,908 (previous year: 4,294). B2C direct almost
equalled quarterly revenues of kEUR 4,869 following an increase of 10%
(previous year: kEUR 4,416). Thanks to a constantly growing customer base
with 12.3 million registered users as of December 31, 2010 (previous year:
10.9 million), MAGIX generated revenues in direct business that mostly can
be planned.
'We are targeting business clients in our third busines area. Here we see
high growth potential, mainly because software for enterprises and other
organizations makes up 85% of the total software market in Germany,' Jaron
continues.
Quarterly revenues in the B2B area rose by 15% to kEUR 959 (previous year:
kEUR 833). Thus, this area made up a 9% share in group revenues. With
Samplitude and Sequoia in audio, and Xara Designer Pro for photo, graphics
and web as well as Video Pro X in video editing, MAGIX also has a broad
range of professional multimedia software suitable for commercial users.
Driven by an increase in revenues, the gross margin rose correspondingly.
After kEUR 8,185 in the previous year it now was at kEUR 9,098, which
corresponds to growth by 11%. Correlated to the revenues, the gross margin
of 85% was just below last year's levels of 86%.
In addition to revenue increases, earnings development also was positive
also due to the trimmed structures throughout the Group, and cost
consciousness has been developed on every level. This quarter, operative
costs and write-offs fell slightly from kEUR 7,239 in the previous year to
kEUR 7,139. Write-offs rose from kEUR 800 to kEUR 1,028, while operative
costs fell from kEUR 6,437 to kEUR 6,111. Operative costs were reduced
particularly in sales (-9% to kEUR 3,136) and administration (-10% to kEUR
1,204). In contrast, operating costs for research and development rose by
7% to kEUR 1,771.
Operative cash flow with kEUR 555 was clearly down from previous year's
value of kEUR 2,947 in spite a rise in earnings. This was credible
particularly to increased repayment of current liabilities as well as
higher payments of tax on earnings.
Against this background, management continues to expect an increase of
revenues by 7-14% from EUR 39.7 to 42.3 million for the current financial
year. Moreover, EBIT are expected to rise moderately to approximately EUR
6.0 million for the 2010/2011 financial year.
The complete 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 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 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.
According to 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 is also seen as one of the most successful market
participants in the USA. 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
Official market in Frankfurt (Prime Standard)
You can find further information and online photo material at our press
center (http://www.magix.com/gb/magix-ag/press/press-material/), or receive
them directly from our press team.
Contact:
Dr. Sven Reichardt
MAGIX AG
Tel.: +49 (0)30- 29 39 2- 280
Fax: +49 (0)30- 29 39 2- 415
Email: ir(at)magix.net
End of Corporate News
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28.02.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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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
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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113525 28.02.2011
Datum: 28.02.2011 - 08:45 Uhr
Sprache: Deutsch
News-ID 33313
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Kategorie:
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