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MAGIX AG Friedrichstraße 200 10117 Berlin http://www.magix.com
Contact Mr Dr. Sven Reichardt +49 30 29392429
Company logo of MAGIX AG
MAGIX AG

Weak Q1

(PresseBox) (Berlin, )
On January 25, 2012 Magix AG released the preliminary figures for the first quarter in 2012 which were well below expectations.

Compared to the strong first quarter of the previous FY group sales were down 25% in Q1 11/12. As a result of scheduled postponements of product launches in favour of Q4 2010/2011 and Q2 2011/2012, a sales decline has been expected. However, revenues were also impacted by a weak retail business and returns from the Christam business (cf. Comment/downgrade of November 17, 2011). The overall drop in revenues was stronger than expected.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.