Maxdata AG
MAXDATA acquires Yakumo and enters consumer business
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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EUR 111.1 million turnover in third quarter of 2006 / loss in third quarter
decreased against last year’s figure / Projected turnover and result
figures for the 2006 business year may presumably be missed
Marl, Germany, 11 October 2006. The computer manufacturer MAXDATA AG (ISIN:
DE 000 658 130 9; German securities code – WKN: 658 130) is to enter the
consumer business and to acquire the trading company Yakumo GmbH and thus
the brand of the same name. Today the respective resolution was passed by
the Supervisory Board. Yakumo GmbH, headquartered in Braunschweig, Germany,
markets and sells consumer electronic products like flat-screen TVs, DVD
and hard disk recorders, digital cameras, navigation systems and other
electronic products in addition to PCs, laptops and TFT monitors. Its 51
employees are set to generate turnover of about EUR 145 million this year.
Yakumo is being sold by Adam Riesig GmbH. Dr Jürgen Rakow, Managing
Director of Yakumo, will continue to head the company, which will still be
based in Braunschweig.
In the third quarter of the financial year 2006 MAXDATA recorded turnover
of EUR 111.1 million after EUR 148.3 million for the same period last year.
EBIT was minus EUR 5.8 million, following minus EUR 9.1 million in the
third quarter of 2005. These were the first positive effects of the
restructuring programme introduced by MAXDATA in spring 2006. Savings
totalling EUR 30 million are expected from fiscal year 2007 on.
Turnover for the first nine months of 2006 amounted to EUR 371.3 million
with an EBIT of minus EUR 35.4 million. In 2005 turnover was EUR 458.8
million and EBIT minus EUR 18.7 million for the same period. The Management
Board expects a substantial improvement in the result for the fourth
quarter, traditionally the period of strongest turnover. Nevertheless the
board considers it possible that the target figures of 600 million Euro
turnover and an EBIT in the value of a negative 25 million Euro may be
missed. A balanced result is once again expected from the year 2007.
Development of turnover and results in the third quarter under IFRS
(in EUR million):
2006 2005
Turnover 111.1 148.3
EBIT -5.8 -9.1
The figures relating to the third quarter are provisional. MAXDATA will be
publishing a detailed quarterly report on 10 November 2006.
For further information:
MAXDATA AG, Investor Relations, Elbestrasse 12-16, 45768 Marl, Germany
phone: +49 (0) 2365 952-2122
fax: +49 (0) 2365 952-2125
e-mail: ir@maxdata.com
Engel & Zimmermann AG, Hermann Zimmermann, Ralf Geißler,
Am Schlosspark 15, 82131 Gauting, Germany
phone: +49 (0) 89 89 35 63-3,
fax: +49 (0) 89 89 39 84 29,
e-mail: info@engel-zimmermann.de
(c)DGAP 11.10.2006
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Language: English
Issuer: MAXDATA AG
Elbestraße 16
45768 Marl Deutschland
Phone: +49 (0)2365 952-2122
Fax: +49 (0)2365 952-2125
E-mail: ir@maxdata.de
WWW: www.maxdata.de
ISIN: DE0006581309
WKN: 658130
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Hannover, Stuttgart, München, Hamburg,
Düsseldorf
End of News DGAP News-Service
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