Quarterly figures as expected: QSC concretizes annual outlook downwards

Anonim

Background was the premature merger of Info AG, which will accelerate the realignment of the IT service provider in the second half, said the TecDax listed company on Monday. Therefore, instead of the previously announced 480 to 510 million euros turnover, QSC is only forecasting 480 to 490 million euros. The free cash inflow should amount to 22 to 26 million euros. So far, 22 to 32 million euros were scheduled.

In the second quarter, sales dropped from 122 to 116.6 million euros compared to the previous year. The low-margin IT services business, QSC's new focus, did not make up for the slump in the traditional telecom business. Earnings before interest, taxes, depreciation and amortization (EBITDA) fell from 19.3 to 18.1 million euros. The personnel-intensive consulting and outsourcing business, which has worsened the cost structure, is burdening this. QSC met the expectations of the market with both key figures. (Dpa / tc)

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