MAGIX GmbH & Co. KGaA
MAGIX AG: 2010/2011 EBIT considerably exceeds expectations
MAGIX AG / Key word(s): Final Results/Preliminary Results 15.11.2011 15:50 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, 15. November 2011 - Prime Standard-listed MAGIX AG from Berlin (ISIN DE 0007220782), has achieved earnings before interest and taxes (EBIT) amounting to EUR 5.3 million for the 2010/2011 financial year, according to preliminary unaudited figures. This considerably exceeded the result forecast by the management board, which last was EUR 4.2 million. As in the previous year, the fourth quarter has decisively contributed to a positive result. Thus, the group revenues met the expectations at EUR 36.1 million and are 3% below the record benchmark of the previous year. In the fourth quarter, last year's record level of EUR 10.9 million was achieved. While retail and business segment sales continued to be difficult, the direct segment continued to grow. The drop in revenues was accompanied by an increase of the relative gross margin by 85% to 86%. Consequently, the gross profit dropped moderately by 1% to EUR 31.1 million. The operating costs dropped from EUR 23.1 to EUR 22.2, which had a positive effect on the group's results. Earnings before interest, taxes, and amortizations and depreciations (EBITDA) at EUR 9.1 million thus were clearly at the level of the preceding year, whereby amortizations and depreciations had risen from EUR 3.5 million to EUR 3.8 million. The EBIT margin remained almost unchanged at 15%. Following EUR 5.6 million in the previous year, the EBIT is now at EUR 5.3 million. Thorough information concerning the preliminary, unaudited figures of the 2010/2011 financial year will be released on Monday, 21 November, 2011 in an online presentation hosted by the company's Management Board members on ir.magix.com. The company will publish its annual report on 31 January, 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 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. 15 years of MAGIX - 15 years of passion for innovation 15.11.2011 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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