01.07.2019 QSC AG  DE0005137004

DGAP-News: QSC closes Plusnet sale prematurely


 

DGAP-News: QSC AG / Key word(s): Disposal
QSC closes Plusnet sale prematurely

01.07.2019 / 07:30
The issuer is solely responsible for the content of this announcement.


QSC closes Plusnet sale prematurely

- Transaction closed as of 30 June 2019
- 2019 revenues and EBITDA forecasts updated accordingly


Cologne, 1 July 2019 - QSC AG has closed the sale of its telecommunications subsidiary Plusnet GmbH to EnBW Telekommunikation GmbH faster than expected. Following approval of the transaction by the Federal Cartel Office, the transaction was closed as of 30 June 2019 already. After the sale, Plusnet will still be based in premises at QSC's Headquarters in Cologne and will draw here on QSC's administrative services. QSC in turn will also continue to offer TC and network services to its customers.

Explains QSC's CEO, Jürgen Hermann: "The successful sale of Plusnet has turned QSC back into a growth company." The digitaliser to the SME sector now operates exclusively in growth markets. QSC's portfolio, which is tailored to the needs of SME players, is based on great technological expertise in its Cloud, SAP and IoT businesses. Following the sale, the Company can now expand its forward-looking business fields more rapidly in line with the 2020plus Growth Strategy presented at the end of May 2019. Stresses Jürgen Hermann: "From 2020, we will be generating double-digit revenue growth every year."

The premature closing of the transaction also affects QSC's full-year forecast for 2019. The guidance published on 23 May 2019, which foresaw revenues of more than EUR 255 million, EBITDA of more than EUR 145 million and free cash flow of more than EUR 130 million, was based on the assumption that Plusnet would be deconsolidated as of 31 July 2019. Given that Plusnet's sales and earnings contributions for the month of July will no longer be included, QSC now expects the following key figures for 2019 as a whole: revenues of more than EUR 235 million, EBITDA of more than EUR 140 million and an unchanged free cash flow of more than EUR 130 million.


About QSC AG
QSC AG is digitalising the German SME sector and enabling its customers to enhance their business processes and business models with the utmost flexibility and efficiency. QSC has longstanding technological and application expertise in the fields of Cloud and Colocation, SAP and the Internet of Things. Its extensive service portfolio provides exactly what SME players need as they move into the digital age: from standardised pay-as-you-use services through to individualised full-range solutions for the retail, manufacturing and energy sectors. All services offer end-to-end quality and high security. QSC bases its relationships with customers on an entrepreneurial approach, a service-driven mindset and a desire to forge mutually beneficial partnerships. QSC AG is based in Cologne and has around 900 employees at locations throughout Germany.


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



01.07.2019 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
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: 833171

 
End of News DGAP News Service

833171  01.07.2019 

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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 1,250 Kaufen 155,50
KGV 2021e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
31,25 21,64 1,439 24,51
KBV KCV KUV EV/EBITDA
1,09 - 0,65 0,718
Dividende '19 in € Dividende '20e in € Div.-Rendite '19e
in %
Hauptversammlung
0,03 0,03 2,40 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
-3,70% -0,08% 18,82% 0,00%
    
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Telekomdienstleistungen , 513700 , QSC , SWB:QSC