23.05.2019 QSC AG  DE0005137004

DGAP-Adhoc: QSC updates full-year 2019 forecast to account for Plusnet sale


 

DGAP-Ad-hoc: QSC AG / Key word(s): Forecast
QSC updates full-year 2019 forecast to account for Plusnet sale

23-May-2019 / 15:34 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.


QSC updates full-year 2019 forecast to account for Plusnet sale

23 May 2019. QSC AG today updated its forecast for the 2019 financial year as a whole to account for the agreement reached on 6 May 2019 concerning the sale of its telecommunications subsidiary Plusnet. Based on the transaction-related effects currently foreseeable, and in particular the deconsolidation of Plusnet involved in the sale, QSC expects to generate revenues of more than EUR 255 million, EBITDA of more than EUR 145 million and a free cash flow of more than EUR 130 million in the 2019 financial year. Prior to the Plusnet sale, the Company had expected to generate revenues of more than EUR 350 million, EBITDA of more than EUR 65 million and a positive free cash flow in a low single-digit million euro range. The new forecast is based on the assumption that the transaction will be executed as of 31 July 2019, subject to approval by the antitrust authorities and fulfilment of further closing conditions.

The new EBITDA forecast includes a deconsolidation gain, including transaction and migration costs associated with the Plusnet sale, that is estimated at EUR 110 million. The deconsolidation gain itself mainly comprises accounting gains resulting from the difference between the agreed purchase price and the carrying amount. The free cash flow forecast includes the purchase price less liquidity thereby sold and also accounts for transaction and migration costs, including taxes, and future growth financing. QSC will use the liquidity received from the Plusnet sale to implement its growth strategy more rapidly, to make potential acquisitions aimed at supplementing its technology portfolio in a targeted manner and to fully repay its debt.

The new revenue forecast is also based on the assumption that Plusnet is deconsolidated as of 31 July 2019. Apart from the Plusnet revenues originally planned and now set to be discontinued from 1 August 2019, the updated revenue forecast is consistent with the previous forecast.


Comments:
This ad-hoc announcement 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. Explanations of key financial figures used can be found in the Annual Report 2018 of QSC AG (accessible at https://www.qsc.de/en/investor-relations/ir-publications/).

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


23-May-2019 CET/CEST 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
EQS News ID: 815265

 
End of Announcement DGAP News Service

815265  23-May-2019 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=815265&application_name=news&site_id=boersengefluester_html


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

INVESTOR-INFORMATIONEN
©boersengefluester.de
q.beyond
WKN Kurs in € Einschätzung Börsenwert in Mio. €
513700 1,164 Kaufen 144,80
KGV 2021e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
29,10 21,64 1,398 22,82
KBV KCV KUV EV/EBITDA
1,02 - 0,61 0,642
Dividende '19 in € Dividende '20e in € Div.-Rendite '19e
in %
Hauptversammlung
0,03 0,03 2,58 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
-9,84% -6,95% 10,65% -7,62%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu QSC AG  ISIN: DE0005137004 können Sie bei DGAP abrufen

Telekomdienstleistungen , 513700 , QSC , SWB:QSC