Good Prospects for Quanmax

CompaniesTechnology ♦ Published: April 1, 2011; 07:30 ♦ (Vindobona)

The Austrian distributor of IT products could increase its profit. This year, the sales target is € 100m for the first time.

Good Prospects for Quanmax / Picture: ©

The Frankfurt Stock Exchange listed distributor of IT products, was able to increase its sales clearly in the previous year: the figure rose to € 80.7m. Sales growth was 30%. The operating profit rose from € 2.4m to € 4.2m, while the net income increased from € 3.3m to € 4.0m. The equity ratio improved to 51.5%.

Quanmax operates with the brands Maxdata, Secureguard and…