DGAP-News: QSC again focusing on strengthening financial position and profitability in 2010

QSC AG / Final Results

31.03.2010 07:52 

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

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QSC again focusing on strengthening financial position and profitability in
2010

Cologne, March 31, 2010. QSC AG today presented its 2009 Annual Report.
There were no changes from the preliminary numbers that were announced on
March 3, 2010.

During the past fiscal year, QSC earned an EBITDA of EUR 76.9 million on
revenues of EUR 420.5 million, increasing its EBITDA margin to 18 percent
as opposed to 16 percent the year before. EBIT improved from EUR 6.1
million to EUR 9.7 million, while net income advanced to EUR 5.5 million as
opposed to EUR 0.8 million in fiscal 2008. In the face of an extremely
difficult environment, QSC was thus able to strengthen its profitability
considerably during the past fiscal year. The company's financial position,
too, improved significantly in 2009: QSC earned a positive free cash flow
of EUR 12.9 million, and was free of net indebtedness as of December 31,
2009.

As anticipated, during the current fiscal year the economy is recovering
only sluggishly from the effects of the global financial and economic
crisis. In this environment, QSC continues to focus on strengthening its
financial position and profitability. As announced in early March 2010, the
company is planning on improving free cash flow to more than EUR 22 million
and on further rises in revenues, EBITDA and net income. Moreover, QSC
intends to pay its first dividend for the 2011 fiscal year.

QSC Chief Executive Officer, Dr. Bernd Schlobohm, notes: '2010 will clearly
see QSC evolve from a network operator to a service provider. Medium-term,
this transformation will open up new potential to our company for
profitable growth.' With its increasing offerings of IP-based services, QSC
will be able to double its addressable market to nearly EUR 20 billion in
the coming years. Schlobohm: 'The digital age is seeing the convergence of
information and telecommunications technologies. With our IP-based Next
Generation Network, we possess an extremely efficient platform for making
the most of this convergence.'

Queries to: 
QSC AG 
Arne Thull 
Investor Relations 
Phone: +49 221 6698-724 
Fax: +49 221 6698-009 
E-mail: invest@qsc.de 
Internet: www.qsc.de

Notes: 
The annual report is available for download at
www.qsc.de/en/qsc-ag/investor-relations.html. This corporate news contains
forward-looking statements. These forward-looking statements are based on
current expectations and forecasts of future events by the management of
QSC AG. Due to risks or mistaken assumptions, actual results may deviate
substantially from those made in such forward-looking statements. The
assumptions that may involve material deviations due to unforeseeable
developments include, but are not limited to, the demand for our products
and services, the competitive situation, the development, dissemination and
technical performance of DSL technology and its prices, the development and
dissemination of alternative broadband technologies and their respective
prices, changes in respect of telecommunications regulation, legislation
and adjudication, prices and timely availability of essential third-party
services and products, the timely development of additional marketable
value-added services, the ability to maintain and enlarge upon marketing
and distribution agreements and to conclude new marketing and distribution
agreements, the ability to obtain additional financing in the event that
management's planning targets are not attained, the punctual and full
payment of outstanding debts by sales partners and resellers of QSC AG, and
the availability of sufficient skilled personnel.


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Language:     English
Company:      QSC AG
              Mathias-Brüggen-Straße 55
              50829 Köln
              Deutschland
Phone:        +49 (0)221 66 98-112
Fax:          +49 (0)221 66 98-009
E-mail:       invest@qsc.de
Internet:     www.qsc.de
ISIN:         DE0005137004
WKN:          513700
Indices:      TecDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, München, Düsseldorf, Stuttgart
 
End of News                                     DGAP News-Service
 
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