Brief: QSC completes cost-cutting programme with one-off write-downs
20/12/2016 14:07
Dec 20 (Reuters) - QSC AG QSCG.DE :
* 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
Source text for Eikon: ID:nEQ58YyTW
Further company coverage: QSCG.DE
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