Quanmax Raises Targets for 2011

Companies ♦ Published: October 28, 2011; 16:16 ♦ (Vindobona)

The Austrian distributor of IT products benefits from the acquisition of S&T. Target turnover for the fiscal year has been revised to € 150m.

Quanmax Raises Targets for 2011 / Picture: © Vindobona.org

Quanmax was successful in further increasing the turnover and profits in the third quarter of the fiscal year 2011. The turnover during the first nine months increased by 28.8% compared to the same period in 2010, i.e., from € 51.4 to € 66.2m. The positive growth was even more evident in the earnings: The operating earnings (EBITA) was € 5.4m after the first nine months of 2011…

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