MAGIX GmbH & Co. KGaA
MAGIX AG: Preliminary figures for the third quarter 2011/2012
MAGIX AG / Key word(s): Quarter Results/Preliminary Results 31.07.2012 / 08:00 --------------------------------------------------------------------- Berlin, July 31, 2012 - The Management Board of MAGIX AG (ISIN DE 0007220782) has today in an online presentation released the preliminary, unaudited figures for the Group after nine months of the current financial year. According to these figures, revenue and earnings before interest and taxes (EBIT) in the third quarter was only slightly below the results for the previous year. Due to the annual release cycle, revenue at MAGIX is distributed rather heterogeneously across the quarters. In contrast to the the first and fourth quarters, results during the second and third quarters are comparably weaker. This also appears to hold true for 2011/2012. In the third quarter Group revenue was EUR 6.0 million (-1% compared to the previous year) which resulted in an EBIT of EUR -1.4 million (-13%). The tense situation in the PC market and the retail sector has put considerable strain on Group business in 2011/2012. In the first three quarters group revenue was EUR 20.8 million (-17%). Direct business and the even stronger B2B division remained stable during this time. In the third quarter operating costs were reduced by 7% to EUR 5.5 million and in the first three quarters by 5% to EUR 16.5 million without restricting accelerated entry into the market for PC system tools and the expansion of B2B business. Compared to the previous year, the EBIT dropped from EUR 1.9 million down to EUR -1.6 million. Looking forward to the fourth quarter, the company expects better revenue and results than the third quarter but with figures below those of the previous year. Consequently, negative results for the current financial year cannot be ruled out. The company will publish the nine-month report on August 31, 2012. 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 AG is a management holding with several subsidiaries and offices around the globe. The subsidiaries have different business models but are all mainly active in the fields of software, online services and digital content. The subsidiaries currently have approximately 340 employees. Contact: MAGIX AG Dr. Sven Reichardt Tel +49 (0)30-29392280 Fax +49 (0)30-29392415 ir[at]magix.net End of Corporate News --------------------------------------------------------------------- 31.07.2012 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 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 News DGAP News-Service --------------------------------------------------------------------- 179602 31.07.2012
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