Quanmax AG reported earnings results for the first quarter of 2012. The company was able to continue the positive trend in the first quarter of 2012. Due to the planned business development of the S&T Group as well as the Appliances business that has shown strong growth, a turnover of EUR 78.1 million could be achieved, compared to EUR 21.0 million in the previous year. Sales were EUR 51.7 million compared to EUR 0.00 million in the previous year, the S&T Group contributed to this strong growth in sales. The consolidated profit for the period increased to EUR 2.9 million compared to EUR 1.0 million in the previous year. This means a profit of 8 cents per share for the shareholders of Quanmax compared to 5 cents in the previous year. The operating cash flow amounted to EUR 0.3 million compared to EUR 2.6 million in the previous year, a year ago. The company affirmed earnings guidance for the full year of 2012. The management affirms the plan of achieving a turnover of EUR 330 million and a minimum consolidated profit of EUR 10 million for the current fiscal year of 2012.