Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  QSC AG    QSC   DE0005137004

QSC AG

(QSC)
  Report  
Real-time Quote. Real-time Tradegate - 10/14 12:23:44 pm
1.258 EUR   -0.16%
09/18QSC AG : and Basis Technologies accelerate migration to SAP S/4HANA
PU
09/09QSC AG : Q-loud to operate Techem's data hub
AQ
09/09QSC AG : Q-loud to operate Techem's data hub
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

QSC AG : increases revenues in first nine months of 2018 and raises revenue forecast

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/12/2018 | 01:35am EDT

DGAP-News: QSC AG / Key word(s): Quarterly / Interim Statement/9-month figures
QSC increases revenues in first nine months of 2018 and raises revenue forecast

12.11.2018 / 07:30
The issuer is solely responsible for the content of this announcement.


QSC increases revenues in first nine months of 2018 and raises revenue forecast

- Nine-month revenues up 4% to EUR 276.4 million
- Cloud revenues surge 31% to EUR 25.5 million
- EBITDA of EUR 27.3 million and free cash flow of EUR 6.7 million
- QSC raises revenue forecast to at least EUR 360 million and affirms forecasts for EBITDA and free cash flow


Cologne, 12 November 2018. The cloud and ICT provider QSC is maintaining its growth course in 2018. Revenues for the first nine months of the current financial year increased to EUR 276.4 million, up from EUR 264.8 million in the previous year's period. For 2018, the Company now expects full-year revenues of at least EUR 360 million - rather than the previous forecast of "at least at the upper end of the EUR 345 million to EUR 355 million range" - and therefore expects to exceed the previous year's figure (2017: EUR 357.9 million).

Ongoing dynamic growth in Cloud segment

QSC generated its highest growth rates once again in the current financial year in its Cloud segment, with its two core areas of activity, Cloud Services and Internet of Things (IoT). Revenues here surged by 31% to EUR 25.5 million in the first nine months of 2018. The TC business also performed positively, particularly benefiting in 2018 from higher demand for international voice termination services. TC revenues for the first nine months of 2018 grew by 11% to EUR 151.9 million. The two other segments, Consulting and Outsourcing, developed largely in line with expectations.

EBITDA amounted to EUR 27.3 million in the first nine months of 2018, compared with EUR 29.3 million in the previous year's period. Operating earnings (EBIT) for the same period rose from EUR 6.5 million to EUR 7.0 million. Due to a significantly higher tax charge, consolidated net income came to EUR 1.6 million, as against EUR 2.6 million in the previous year's period. The free cash flow totalled EUR 6.7 million at the end of the first nine months, compared with EUR 8.7 million in the previous year's period. The Company's financial and earnings strength has thus developed in line with expectations in the 2018 financial year to date. For 2018 as a whole, QSC therefore still expects to generate EBITDA of EUR 35 million to EUR 40 million and free cash flow of more than EUR 10 million - accompanied by revenues now expected to amount to at least EUR 360 million.

Comments QSC's CEO, Jürgen Hermann: "QSC is steering a growth course in 2018. We are particularly benefiting from great dynamism in our Cloud business and stronger demand for TC services. We therefore now expect significantly higher revenues than originally budgeted at the beginning of the year".
 

EUR million Q3 2018 Q3 2017 9M 2018 9M 2017
Revenues 90.2 88.9 276.4 264.8
Cloud revenues 9.9 8.0 25.5 19.5
Consulting revenues 9.8 9.5 29.0 30.3
Outsourcing revenues 22.4 24.9 69.9 77.9
Telecommunications revenues 48.1 46.4 151.9 137.1
EBITDA 9.1 9.1 27.3 29.3
EBIT 2.3 2.2 7.0 6.5
Consolidated net income 0.3 1.5 1.6 2.6
Free cash flow 3.9 2.3 6.7 8.7
Capital expenditure 4.6 4.2 12.5 14.0
Employees as of 30 September 1,293 1,355 - -
 

Notes:
The complete quarterly statement for the first nine months of the current financial year can be downloaded at www.qsc.de/en/investor-relations/. This Corporate News contains forward-looking statements that are based on current expectations and forecasts on the part of the management of QSC AG with regard to future events. Due to risks or erroneous assumptions, actual results may deviate materially from these forward-looking statements.


Contact for enquiries:
QSC AG
Arne Thull
Head of Investor Relations
T +49 221 669-8724
F +49 221 669-8009
invest@qsc.de
www.qsc.de



12.11.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: QSC AG
Mathias-Brüggen-Straße 55
50829 Cologne
Germany
Phone: +49-221-669-8724
Fax: +49-221-669-8009
E-mail: invest@qsc.de
Internet: www.qsc.de
ISIN: DE0005137004
WKN: 513700
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

744005  12.11.2018 

fncls.ssp?fn=show_t_gif&application_id=744005&application_name=news&site_id=zonebourse

© EQS 2018
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on QSC AG
09/18QSC AG : and Basis Technologies accelerate migration to SAP S/4HANA
PU
09/09QSC AG : Q-loud to operate Techem's data hub
AQ
09/09QSC AG : Q-loud to operate Techem's data hub
PU
09/09QSC AG : Q-loud to operate Techem's data hub
EQ
08/22QSC AG : BRUNATA-METRONA Hürth commissions QSC for its SAP application managemen..
PU
08/15QSC AG : joins the Open Industry 4.0 Alliance to standardize digital processes i..
AQ
08/14QSC AG : AG joins Open Industry 4.0 Alliance to help standardise digital process..
PU
08/06QSC AG : High EBITDA and high free cash flow in Q2 2019 as a result of Plusnet s..
AQ
08/05QSC : High EBITDA and high free cash flow in Q2 2019 due to Plusnet sale
PU
08/05QSC : High EBITDA and high free cash flow in Q2 2019 due to Plusnet sale
EQ
More news
Financials (EUR)
Sales 2019 236 M
EBIT 2019 102 M
Net income 2019 87,5 M
Finance 2019 63,8 M
Yield 2019 2,40%
P/E ratio 2019 1,78x
P/E ratio 2020 -8,33x
EV / Sales2019 0,39x
EV / Sales2020 0,72x
Capitalization 156 M
Chart QSC AG
Duration : Period :
QSC AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends QSC AG
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 1,68  €
Last Close Price 1,25  €
Spread / Highest target 44,0%
Spread / Average Target 34,0%
Spread / Lowest Target 12,0%
EPS Revisions
Managers
NameTitle
Jürgen Hermann Chief Executive Officer
Bernd Schlobohm Chairman-Supervisory Board
Stefan A. Baustert Chief Financial Officer
Gerd Eickers Member-Supervisory Board
Ina Schlie Independent Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
QSC AG-0.63%173
VERIZON COMMUNICATIONS6.60%247 870
NIPPON TELEGRAPH AND TELEPHONE CORPORATION20.73%90 605
DEUTSCHE TELEKOM AG4.29%80 994
SAUDI TELECOM COMPANY SJSC--.--%53 855
BCE INC.20.64%44 095