Brief: QSC Q1 Consolidated Net Income Of EUR -0.3 Mln

QBeyond AG

13/05/2019 06:35

May 13 (Reuters) - QSC AG  QSCG.DE :
    * Q1 EBITDA 15.9 MILLION EUR
    * QUARTERLY REVENUE 87.4 MILLION EUR VERSUS 94.1 MILLION EUR
YEAR
AGO
    * Q1 EBITDA INCREASES TO EUR 15.9 MILLION DUE TO FIRST-TIME
APPLICATION OF IFRS 16
    * Q1 CONSOLIDATED NET INCOME OF EUR -0.3 MILLION, COMPARED
WITH
EUR 0.9 MILLION IN PREVIOUS YEAR'S QUARTER
    * SAYS EXCLUDING IFRS 16 ITEMS, QSC WOULD ONCE AGAIN HAVE
GENERATED POSITIVE CONSOLIDATED NET INCOME
    * Q1 BUSINESS PERFORMANCE IS CONSISTENT WITH 2019 FULL-YEAR
FORECAST PUBLISHED AT END OF FEBRUARY
    * FORECAST NATURALLY DOES NOT YET ACCOUNT FOR AGREEMENT
REACHED ON
6 MAY 2019 REGARDING SALE OF ALL SHARES IN TC SUBSIDIARY PLUSNET
    * SAYS NEW FORECAST WILL BE PUBLISHED AS SOON AS
TRANSACTION-RELATED EFFECTS CAN BE ASSESSED WITH REASONABLE
CERTAINTY

Source text for Eikon:  ID:nEQ6qd9T4a 
Further company coverage:  QSCG.DE 

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