MAGIX GmbH & Co. KGaA
MAGIX AG: First quarter EBIT for 2011/2012 drop considerably
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 ---------------------------------------------------------------------------
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