MAGIX GmbH & Co. KGaA
MAGIX AG publishes annual report 2010/2011 and detailed figures for first quarter 2011/2012
MAGIX AG / Key word(s): Final Results/Quarter Results 31.01.2012 / 07:30 --------------------------------------------------------------------- Berlin, January 31, 2012 - Today, the Management Board of MAGIX AG (ISIN DE 0007220782) hosted an in-depth online presentation regarding the audited figures for 2010/2011 as well as the preliminary, unaudited figures for the first quarter of the current financial year. At the same time, the annual report 2010/2011 was released. After a successful financial year 2010/2011, the company is off to a weaker start into the 2011/2012 financial year than expected. In 2010/2011, MAGIX had generated Group revenues of EUR 36.1 million, thus achieving EBIT of EUR 5.3 million. As already announced by the company last Wednesday, January 25, 2012, the group revenues and EBIT had declined in the first quarter of 2011/2012 compared to the previous financial year. As a reaction to this development, in the first quarter substantial cost-reduction measures already were implemented that will continue to be effective during the subsequent quarters without restricting the pursued entry into the market for PC system tools as well as expansion of the B2B business. The Management Board envisions exceptional growth here. In order to be positioned to generate substantial earnings growth in 2012/2013 and beyond, according to the Management Board a drop in earnings cannot be ruled out in the current financial year. The 2010/2011 annual report can be viewed starting at 9:30 CET on the company's website ir.magix.com. There you will also find an online presentation, in which Jürgen Jaron, the Executive Board Chairman of MAGIX AG, discusses the key statements of the annual report and presents the preliminary, unaudited figures of the first quarter of the current, 2011/2012 fiscal year. The company will publish its three-month report on February 29, 2012. 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 End of Corporate News --------------------------------------------------------------------- 31.01.2012 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 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 154519 31.01.2012
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