DGAP-Adhoc: QSC foregoes separate statement of factoring in free cash flow

| Source: EQS Group AG EQS Group AG 

QSC AG  / Key word(s): Preliminary Results

11.03.2015 14:39

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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QSC foregoes separate statement of factoring in free cash flow

Cologne, 11 March 2015. Upon publication of its preliminary results for the
2014 financial year on 23 February 2015, QSC reported a figure of EUR -13.9
million for its free cash flow (internal definition). This included a
positive amount of EUR 11.0 million resulting from the separate statement
of a factoring transaction in connection with the INFO AG takeover. In the
course of finalising the annual financial statements, it has been decided
to forego the separate statement of this item. Accordingly, the free cash
flow amounted to EUR -24.9 million. This amendment has no implications for
the Company's financial position, financial performance or cash flows or
for its net debt as reported. For the current financial year, QSC continues
to budget for a positive free cash flow figure, although implementation of
the extensive cost-cutting and focusing programme will lead to inflows of
liquidity, particularly in the second half of the year. QSC will be
publishing its complete 2014 Annual Report on 31 March 2015.

Enquiries to:
QSC AG
Arne Thull
Head of Investor Relations
Phone: +49 221 669-8724
E-mail: invest@qsc.de


11.03.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      QSC AG
              Mathias-Brüggen-Straße 55
              50829 Köln
              Germany
Phone:        +49-221-6698-724
Fax:          +49-221-6698-009
E-mail:       invest@qsc.de
Internet:     www.qsc.de
ISIN:         DE0005137004
WKN:          513700
Indices:      TecDAX
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
              Munich, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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