Quantel today announced a provisional Operating Profit of £5.1 million (EBIT) for the First Half of its 2011 financial year which ended on March 31st 2011 – an increase of 43% year-on-year putting Quantel on track to beat its 2010 record results. It’s the best first half performance since the company’s Management Buyout in 2000.
 
This outstanding performance has been driven by phenomenal success in Quantel’s three core business areas – File-Based Broadcast Workflows, HD Broadcasting and Stereo3D Post Production.  Success has been achieved as a result of continued investment in the business despite the tough financial climate. Quantel has taken on more than 30 new staff so far this year and is planning to add more.
 
“We continue to beat our financial objectives by focusing on our customers’ business needs in these challenging times. We understand their requirements and deliver powerful, unique solutions that give them real competitive advantage,” said Ray Cross, Quantel CEO. “We already have a strong order book for the second half and a very strong sales pipeline so we are confident that 2011 will be another record year for Quantel. And, in the Second Half we are adding QTube to our portfolio which will further enhance our performance as QTube starts to change the world!”

www.quantel.com