DGAP-Adhoc MAGIX AG: First quarter EBIT for 2011/2012 drop considerably
0
MAGIX AG / Key word(s): Preliminary Results/Quarter Results
25.01.2012 15:21
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Berlin, 25 January 2012 - MAGIX AG (ISIN DE0007220782) has realized
considerably lower operative group earnings (EBIT) in the first quarter of
the 2011/2012 fiscal year than in the previous year, according to
preliminary, unaudited figures.
In contrast to the strong first quarter of the previous financial year,
group revenues from October to December 2011 dropped 25% to EUR 8.1
million. This was accompanied by a decrease of gross margin by 23% to EUR
7.0 million. The operative costs dropped by 8% to EUR 5.6 million while
depreciations simultaneously dropped by 11% to EUR 0.9 million.
Nevertheless, the Group EBIT decreased by 85% to EUR 0.3 million.
The Management Board had expected a drop in revenues for the first quarter
of 2011/2012 as a result of the scheduled shift of releases to the benefit
of the fourth quarter of 2010/2011 and the second quarter of 2011/2012.
This drop now has turned out considerably higher than expected. Albeit the
markets newly tapped by MAGIX bear considerable potential, the Management
Board sees the targeted revenue increase at risk if negative impetuses from
retailers persist. In the first quarter of 2011/2012, substantial
cost-reduction measures already were implemented that continue to be
effective during the subsequent quarters without restricting the pursued
entry into the market for PC system tools and expansion of the B2B
business. According to the Management Board, earnings may decrease in the
current financial year in order to be positioned to generate substantial
earnings growth in 2012/2013 and beyond.
Detailed information concerning preliminary, unaudited quarterly figures
will be released by MAGIX on Tuesday, January 31, 2012 at ir.magix.com in
an online presentation hosted by the company´s Management Board. The main
points of the 2010/2011 financial report also will be discussed here, which
will be published on the same day. The company will publish its three-month
report on February 29, 2012.
Information and Explaination of the Issuer to this News:
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 is a leading provider of high-quality software, online services, and
digital content for multimedia communication. Since 1993, MAGIX has
developed top software in Germany for creating, editing, managing, and
presenting photos, graphics, videos, and music. MAGIX also operates
internationally with branches in the USA, Canada, Great Britain, France,
Italy, Spain, and in the Netherlands. The products are targeted at
non-professionals as well as professionals, and go beyond the limits of
personal computers to seamlessly integrated online and mobile phone
applications.
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.
MAGIX - passion for innovation
Contact:
MAGIX AG
Investor Relations
Friedrichstr. 200
10117 Berlin
GERMANY
Tel.: +49 (0)30 - 29 39 2 - 280
Fax: +49 (0)30 - 29 39 2 - 415
Email: ir@magix.net
Web: http://ir.magix.com/
25.01.2012 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
Germany
Phone: +49 (0)30- 29 39 2-280
Fax: +49 (0)30- 29 39 2-415
E-mail: ir@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 Announcement DGAP News-Service
Bewerten Sie diesen Artikel: (
0
Bewertungen)1
