MAGIX GmbH & Co. KGaA
MAGIX AG: Negative EBIT for second quarter of 2011/2012
MAGIX AG / Key word(s): Quarter Results/Preliminary Results 27.04.2012 15:22 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, 27 April 2012 - MAGIX AG (ISIN DE0007220782) has realized negative EBIT and thus considerably lower operative group earnings (EBIT) for the second quarter of the 2011/2012 fiscal year than in the previous year, according to preliminary, unaudited figures. The strained situation on the PC market considerably affected the group's business. As a result, group revenues from October 2011 to March 2012 dropped by 23% to EUR 14.8 million compared to the previous year. This was accompanied by a decrease of gross margin by 21% to EUR 12.9 million. The operative costs dropped by 4% to EUR 11.0 million while depreciations simultaneously dropped by 2% to EUR 1.9 million. Nevertheless, the Group realized negative 6-month EBIT of EUR -0.2 million (previous year: EUR 3.2 million). While revenues in direct business were only slightly behind last year's, the revenues in retail were clearly behind expectations. It was not possible to compensate this development with higher revenues in the B2B sector. The Management Board already has initiated substantial cost-reduction measures that will 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. Even though the markets MAGIX has recently entered show considerable potential for revenues, the board now no longer considers it possible to match the previous year's revenues if negative impetuses from the business environment persist. In order to generate substantial revenues and earnings growth again, according to the Management Board a negative result may be possible in the current financial year. Detailed information concerning preliminary, unaudited semi-annual figures will be released by MAGIX on Monday, April 30 2012 at ir.magix.com in an online presentation hosted by the company's Management Board. MAGIX publishes its six-month report on 31 May 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 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 It is also regarded 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 27.04.2012 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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