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QSC AG (QSCG.DE)

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Latest Key Developments (Source: Significant Developments)

QSC changes composition of management board
Wednesday, 15 Nov 2017 04:01am EST 

Nov 15 (Reuters) - QSC AG ::DGAP-NEWS: QSC BOOSTS BUSINESS FIELDS AND CHANGES COMPOSITION OF MANAGEMENT BOARD.‍FELIX HÖGER AND UDO FAULHABER TO LEAVE QSC FOLLOWING SUCCESSFUL IMPLEMENTATION OF STRUCTURAL CHANGES​.  Full Article

QSC 9-month ‍net income increased to EUR 2.6 million
Monday, 6 Nov 2017 01:30am EST 

Nov 6 (Reuters) - QSC AG ::DGAP-NEWS: QSC GROWS IN ITS CLOUD BUSINESS AND RAISES ITS FREE CASH FLOW FORECAST.‍CLOUD REVENUES UP 63% IN FIRST NINE MONTHS OF 2017​.9-MONTH ‍REVENUES DECREASED BY EUR 29.1 MILLION TO EUR 264.8 MILLION​.9-MONTH ‍EBITDA OF EUR 29.3 MILLION VIRTUALLY MATCHED PREVIOUS YEAR'S FIGURE​.9-MONTH ‍EBIT ROSE BY 81% TO EUR 6.5 MILLION​.9-MONTH ‍NET INCOME INCREASED TO EUR 2.6 MILLION, AS AGAINST EUR -0.1 MILLION IN PREVIOUS YEAR​.‍NOW EXPECTS TO GENERATE FY FREE CASH FLOW OF BETWEEN EUR 10 MILLION AND EUR 11 MILLION​.STILL PLANS TO GENERATE FY REVENUES OF EUR 355 MILLION TO EUR 365 MILLION AND EBITDA OF BETWEEN EUR 36 MILLION AND EUR 40 MILLION​.  Full Article

QSC to spin off telecommunications business into subsidiary
Wednesday, 30 Aug 2017 06:10am EDT 

Aug 30 (Reuters) - QSC AG ::TO SPIN OFF TELECOMMUNICATIONS BUSINESS INTO A SUBSIDIARY.TO POOL NETWORK OPERATIONS, NETWORK SERVICES AND ENTIRE MANAGEMENT OF PRELIMINARY AND END PRODUCTS FOR CORPORATE CUSTOMERS AND RESELLERS.NEW STRUCTURE INTENDED TO MAKE IT EASIER TO ENTER INTO COOPERATIONS AND PARTICIPATIONS AND ACCELERATE IMPLEMENTATION OF NEW BUSINESS MODELS WITH PARTNERS.NEW COMPANY WILL HAVE AROUND 400 EMPLOYEES, GENERATE REVENUES OF AROUND EUR 200 MILLION AND SERVE MORE THAN 25,000 CORPORATE CUSTOMERS.  Full Article

QSC H1 net profit up at 1.1 million euros
Monday, 7 Aug 2017 01:30am EDT 

Aug 7 (Reuters) - QSC AG :DGAP-NEWS: QSC FIRMS UP NET INCOME AND POSTS FURTHER CLOUD REVENUE GROWTH.H1 NET PROFIT 1.1 MILLION EUR.H1 EBIT 4.4 MILLION EUR.‍CONSOLIDATED NET INCOME RISES TO EUR 1.1 MILLION IN FIRST HALF OF 2017​.‍AT EUR 20.2 MILLION, H1 EBITDA WAS VIRTUALLY AT PREVIOUS YEAR'S LEVEL​.H1 REVENUES FELL YEAR-ON-YEAR BY EUR 22.1 MILLION TO EUR 175.9 MILLION.‍QSC EXPECTS FREE CASH FLOW OF MORE THAN EUR 8.4 MILLION IN 2017​.CAN CONFIRM ITS FULL-YEAR FORECAST.  Full Article

QSC AG: Frankfurter Leben Group to procure entire IT landscape from QSC's Pure Enterprise Cloud
Wednesday, 21 Jun 2017 04:00am EDT 

June 21 (Reuters) - QSC AG ::DGAP-NEWS: FRANKFURTER LEBEN GROUP TO PROCURE ENTIRE IT LANDSCAPE FROM QSC'S PURE ENTERPRISE CLOUD.  Full Article

QSC Q1 revenues down at EUR 88.7 mln
Monday, 8 May 2017 01:30am EDT 

May 8 (Reuters) - QSC AG ::Q1 REVENUES OF EUR 88.7 MILLION, AS AGAINST EUR 98.9 MILLION ONE YEAR EARLIER.WITH CONSOLIDATED NET INCOME OF EUR 0.6 MILLION, CLOUD AND ICT PROVIDER QSC RETURNED TO PROFITABILITY IN Q1 OF 2017.COMPARED WITH PREVIOUS YEAR, CLOUD REVENUES ROSE BY 117% TO EUR 5.2 MILLION IN Q1 OF 2017.CONFIRMS FORECAST FOR 2017.  Full Article

Telefónica Deutschland and QSC AG extend cooperation
Tuesday, 4 Apr 2017 04:00am EDT 

QSC AG :Telefónica Deutschland and QSC AG extend cooperation in fixed-network connections for corporate customers.  Full Article

QSC FY 2016 net loss widens to 25.1 million euros
Monday, 6 Mar 2017 01:30am EST 

QSC AG : FY EBITDA 37.1 million euros ($39.33 million) as against 42.2 million euros one year earlier . FY net loss 25.1 million euros versus 13.2 million euros loss year ago . Outlook for 2017: higher free cash flow and stable EBITDA despite lower revenues . Revenues of 386.0 million euros in 2016, as against 402.4 million euros in 2015 .2017: QSC plans revenues of 355-365 million euros and EBITDA of 36-40 million euros.  Full Article

QSC unit Q-loud GmbH takes over takes over EnergyCam-Technologie
Wednesday, 11 Jan 2017 04:49am EST 

QSC AG :Unit Q-loud GmbH takes over EnergyCam-Technologie from Fast Forward AG.  Full Article

QSC completes cost-cutting programme with one-off write-downs
Tuesday, 20 Dec 2016 09:04am EST 

QSC AG : Is completing its two-year cost-cutting programme at end of 2016. Cumulative savings have significantly exceeded figure of 20 million euros targeted for 2016 . Has now decided to recognize a one-off write-down of 13.9 million euros on this segment's goodwill and intangible assets in 2016 consolidated financial statements . Will also be parting company with its subsidiary FTAPI Software GmbH in context of a management buyout. This will result in one-off write-downs of 1.5 million euros .Decisions will not impact on full-year forecast for 2016.  Full Article

BRIEF-QSC 9-month ‍net income increased to EUR 2.6 million

* DGAP-NEWS: QSC GROWS IN ITS CLOUD BUSINESS AND RAISES ITS FREE CASH FLOW FORECAST