MAGIX GmbH & Co. KGaA
MAGIX AG publishes annual report 2011/2012 and preliminary figures for first quarter 2012/2013
MAGIX AG / Key word(s): Final Results/Quarter Results 31.01.2013 / 07:33 --------------------------------------------------------------------- Berlin, January 31, 2013 - Today, the Management Board of MAGIX AG (ISIN DE 0007220782) hosted an in-depth online presentation regarding the audited figures for 2011/2012 as well as the preliminary, unaudited figures for the first quarter of the current financial year. At the same time, the annual report 2011/2012 was released. Influenced by the difficult situation in retail as well as by the drastic slump in consumer PC sales, the Group revenue sank from EUR 36.1 million to EUR 28.8 million in the 2011/2012 financial year. The proportion of sales involving product packages containing third-party hardware and associated with higher sales costs was reduced further. Simultaneously, the proportion of revenue coming from software for business customers rose. This had a positive effect on the gross margin, which further improved from 86% to 87%. In 2011/2012 the group's earnings before interest and taxes (EBIT) were EUR 2.8 million, and thus 46% below the previous year's value of EUR 5.3 million. The fact that earnings before interest and taxes decreased comparatively moderately in spite of clear sales losses was due to the fact that other income came about from liquidation of provisions. Without this special effect, EBIT would have been EUR -1.0 million. Thanks to unchanged low interest levels, the financial result reached the previous year's value of EUR 0.1 million. The Group's net income was EUR 1.9 million, 47% below the previous year's levels. The tax burden rose slightly from 34% in 2010/2011 to 37%. With EUR 8.2 million the group achieved 1% higher revenues in the first quarter of the new financial year than in the previous year (EUR 8.1 million). While direct sales rose considerably the revenues in retail continued to be poor. The gross margin rose slightly to 87% with a gross result of EUR 7.1 million (previous year: EUR 7.0 million). The operative costs as well as amortizations and depreciations were also reduced slightly. Consequently, the group's EBIT then rose to EUR 0.9 million after three months (previous year: EUR 0.3 million). The 2011/2012 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, 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, 2012/2013 fiscal year. The company will publish its three-month report on February 28, 2013. 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 030-29392280 Fax 030-29392415 ir[at]magix.net End of Corporate News --------------------------------------------------------------------- 31.01.2013 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 --------------------------------------------------------------------- 200197 31.01.2013
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