07.05.2019 QSC AG  DE0005137004

DGAP-News: QSC AG enters into purchase agreement regarding the sale of all shares in Plusnet GmbH


DGAP-News: QSC AG / Key word(s): Disposal
QSC AG enters into purchase agreement regarding the sale of all shares in Plusnet GmbH

07.05.2019 / 08:00
The issuer is solely responsible for the content of this announcement.

QSC AG enters into purchase agreement regarding the sale of all shares in Plusnet GmbH

- Proceeds from sale to be used to repay debt and boost QSC's Cloud and IoT operations
- Sale marks kick-off for planned growth strategy

Cologne, 7 May 2019 - QSC AG yesterday entered into an agreement with EnBW Telekommunikation GmbH, a subsidiary of EnBW Energie Baden-Württemberg AG, regarding the sales of all shares in its Plusnet GmbH subsidiary. The purchase price (equity value) amounts to EUR 229 million. The sale marks the kick-off for the accelerated expansion in QSC's Cloud and IoT businesses.

The sale of all the shares in Plusnet is therefore a major success for QSC AG in its capacity as digitaliser to the SME sector. The proceeds from the sale will enable it to step up the pace of expansion in its high-growth business fields. Overall debt repayment will increase the Company's autonomy when it comes to strategic decisions. At the same time, QSC's existing operations, particularly in its Cloud and IoT businesses, will be boosted with additional resources and a clearer focus. Measures here include addressing the market more actively, adopting a more energetic approach to sales and stepping up research and development activities. Not only that, the Company will also have the option of making targeted acquisitions to supplement its own technology portfolio.

Clear positioning as digitaliser to the SME sector

The decision to spin off the telecommunications business and thus enable the Company to make better use of new market opportunities was taken in 2017.

"The sale of Plusnet marks the kick-off for faster implementation of our growth strategy in our Cloud and IoT businesses", comments Jürgen Hermann, CEO of QSC AG. "What's more, in EnBW Telekommunikation GmbH we have found the ideal partner, and one that wishes to retain the brand and the company. After all, we will continue to offer telecommunications services to our customers and we also see opportunities to cooperate in innovative business fields."

QSC will be focusing with immediate effect on rapidly implementing its growth strategy in innovative business fields and forging long-term and reliable customer relationships with SME customers.

Closing of the transaction is expected to occur in the third quarter of 2019, and is subject to the approval of antitrust authorities and other closing conditions.

Further information about QSC's growth strategy after the sale of Plusnet GmbH will be released at an Analysts Conference on 27 May 2019.

About QSC AG
QSC AG is digitalising the German SME sector. With decades of experience and expertise in its Cloud, Internet of Things, Consulting, Telecommunications and Colocation businesses, QSC accompanies its customers securely into the digital age. The cloud-based provision of all services offers increased speed, flexibility, and availability. The TÜV and ISO-certified data centres in Germany and nationwide All-IP network at QSC AG form the basis for maximum end-to-end quality and security. QSC's customers benefit from one-stop innovative products and services that are marketed both directly and via partners.

Contact for enquiries:
Arne Thull
Head of Investor Relations
T +49 221 669-8724
F +49 221 669-8009

07.05.2019 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.

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Language: English
Company: QSC AG
Mathias-Brüggen-Straße 55
50829 Cologne
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
EQS News ID: 807773

End of News DGAP News Service

807773  07.05.2019 


Die wichtigsten Finanzdaten auf einen Blick
  2013 2014 2015 2016 2017 2018 2019 2020e
Umsatzerlöse1 455,70 431,44 402,44 385,98 357,87 366,84 238,05 145,00
EBITDA1,2 77,80 35,00 42,20 37,10 38,20 35,06 140,30 -4,65
EBITDA-Marge3 17,07 8,11 10,49 9,61 10,67 9,56 58,94 -3,21
EBIT1,4 26,50 -33,95 -11,14 -13,10 7,11 8,48 87,94 -11,85
EBIT-Marge5 5,82 -7,87 -2,77 -3,39 1,99 2,31 36,94 -8,17
Jahresüberschuss1 23,60 -33,92 -13,24 -25,05 5,12 3,28 73,54 -12,90
Netto-Marge6 5,18 -7,86 -3,29 -6,49 1,43 0,89 30,89 -8,90
Cashflow1,7 64,20 1,92 39,64 40,29 39,30 34,13 -17,71 -5,80
Ergebnis je Aktie8 0,19 -0,27 -0,11 -0,20 0,04 0,03 0,59 -0,10
Dividende8 0,10 0,10 0,03 0,03 0,03 0,03 0,03 0,03
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2019 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: KPMG

WKN Kurs in € Einschätzung Börsenwert in Mio. €
513700 1,206 Kaufen 150,02
KGV 2021e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
30,15 21,64 1,352 23,65
1,05 - 0,63 0,679
Dividende '19 in € Dividende '20e in € Div.-Rendite '19e
in %
0,03 0,03 2,49 20.05.2020
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
11.05.2020 10.08.2020 09.11.2020 30.03.2020
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-6,22% -3,60% 14,64% -2,43%
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Telekomdienstleistungen , 513700 , QSC , SWB:QSC