Q.BEYOND AG DGAP-Ad-hoc: q.beyond AG / Key word(s): Disposal/Forecast q.beyond sells colocation subsidiary IP Exchange for EUR 44 million 17-Sep-2021 / 18:58 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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q.beyond sells colocation subsidiary IP Exchange for EUR 44 million
Cologne, 17 September 2021 - q.beyond AG is selling IP Exchange GmbH, its wholly-owned subsidiary, for around EUR 44 million (enterprise value) to NorthC Group Deutschland GmbH, a company of the Dutch data centre operator NorthC Group. By making this acquisition, NorthC Group is expanding into the German market. q.beyond is in turn definitively exiting its colocation business in Munich and Nuremberg. IP Colocation GmbH was successfully sold at the end of July 2021 already. Having successfully sold its colocation business, which generated quarterly revenues of around EUR 5 million, q.beyond has updated its full-year forecast for the 2021 financial year. Based on figures adjusted to account for the transaction, the company now expects revenues of between EUR 155 million and EUR 165 million (previously: between EUR 160 million and EUR 170 million). Following an initial assessment of the deconsolidation effects, it now expects to achieve EBITDA of at least EUR 27 million in the 2021 financial year (previously: between EUR 8 million and EUR 13 million). Taking due account of transaction costs and taxes, the company is also raising its free cash flow forecast for the 2021 financial year, as already after the IP Colocation sale, in this case to at least EUR 33 million (previously: between EUR
-2 million and EUR +3 million). Notes This ad-hoc announcement contains forward-looking statements that are based on current expectations and forecasts on the part of the management of q.beyond AG with regard to future events. Due to risks or erroneous assumptions, actual events may deviate materially from these forward-looking statements. Explanations of the key financial figures used can be found in the 2020 Annual Report of q.beyond AG (available at https://www.qbeyond.de/en/ir-publications). Contact q.beyond AG Arne Thull Head of Investor Relations/Mergers & Acquisitions T +49 221 669-8724 invest@qbeyond.de www.qbeyond.de
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17-Sep-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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Language: English
Company: q.beyond AG
Mathias-Brüggen-Straße 55
50829 Cologne
Germany
Phone: +49-221-669-8724
Fax: +49-221-669-8009
E-mail: invest@qbeyond.de
Internet: www.qbeyond.de
ISIN: DE0005137004
WKN: 513700
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1234356
End of Announcement DGAP News Service
=------------ 1234356 17-Sep-2021 CET/CEST
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1234356&application_name=news
(END) Dow Jones Newswires
September 17, 2021 12:59 ET (16:59 GMT)
