DGAP-News: MAGIX AG presents detailed six-month figures for the 2010/2011 financial year
(firmenpresse) - DGAP-News: MAGIX AG / Key word(s): Half Year Results/Preliminary
Results
MAGIX AG presents detailed six-month figures for the 2010/2011
financial year
29.04.2011 / 08:30
---------------------------------------------------------------------
* Revenues rise by 4% to EUR 19.1 million
* EBIT increase by 26% to EUR 3.2 million
* With a lower revenue forecast, Management Board sticks to its earnings
target of EUR 6.0 million
Berlin, 29 April 2011 - This Friday, the Management Board of MAGIX AG (ISIN
DE 0007220782) hosted an in-depth online presentation of the preliminary,
unaudited figures after the first six months of the current 2010/2011
financial year.
In the period from October 2010 to March 2011, MAGIX generated revenues of
EUR 19.1 million, which corresponds to an increase of 4% compared to the
previous year. After a strong first quarter, which generated a plus of 13%
to EUR 10.7 million (previous year: EUR 9.5 million), revenue dropped by 5%
to EUR 8.3 million (previous year: 8.8 million) in the subsequent three
months. Revenue dropped in all business divisions in the second quarter.
'Although we expected business to be weaker in the B2C-indirect division in
the second quarter due to the fact that in the previous quarter, which is
impacted by Christmas sales, we supplied retail more strongly, the drop in
revenue in direct business admittedly came as a surprise. We observed a
considerably deteriorating spending mood among consumers during this
period, particularly in Western Europe, but also in the USA. Direct
business was particularly impacted by the fact that we moved a
sales-boosting mailing from the end of March to the beginning of April,'
says Jürgen Jaron, CEO of MAGIX.
The 6-month comparison of the gross margin showed growth from 85.1% or EUR
15.6 million in 2009/2010 to 85.3% or EUR 16.3 million in 2010/2011. While
the relative gross margin increased more strongly from 84.4% to 86.1% in
the second quarter, at EUR 7.2 million, its absolute value was slightly
below the previous year's level of EUR 7.4 million due to the drop in
revenue.
After six months, at EUR 11.5 million, operative costs were 2% below the
previous year's level of EUR 11.6 million, although the last three months
saw an increase by 3% from EUR 5.2 million to EUR 5.3 million. While
operative costs were reduced considerably in the administrative area, they
continued to rise in research&development. With regard to EBIT, the
moderate cost development caused the semi-annual result to increase by 26%
to EUR 3.2 million in the current financial year, although the second
quarter saw a slight drop from EUR 1.3 million to EUR 1.2 million.
'The development of both revenue and costs shows that our growth
initiatives - boosting the B2B business on the one hand and increasing
internationalization by tapping new markets such as Russia, Brazil and
Turkey on the other - will take effect with somewhat of a delay. Due to the
current situation on the labor market, we expanded our B2B team four months
later than planned,' continues Mr. Jaron.
Against this background, the Management Board expects a lower revenue
increase of between 3-7% (previously: 7-14%) to EUR 38.2-39.7 million
(previously: EUR 39.7-42.3 million). In contrast, earnings expectations
remain unchanged with EBIT of EUR 6.0 million.
The Management Board's full online presentation about the preliminary
six-month figures can beviewed starting at 9:30 CET on the company's
website www.magix.com in the Investor Relations section. MAGIX publishes
its six-month report on 30 May 2011.
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
products for designing, editing, presenting and archiving 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
End of Corporate News
---------------------------------------------------------------------
29.04.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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: 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
---------------------------------------------------------------------
121979 29.04.2011
Datum: 29.04.2011 - 08:30 Uhr
Sprache: Deutsch
News-ID 33900
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 266 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: MAGIX AG presents detailed six-month figures for the 2010/2011 financial year"
steht unter der journalistisch-redaktionellen Verantwortung von
MAGIX AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
