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IT

QSC posts weaker FY revenue, EBITDA amid restructure

Thursday 9 March 2017 | 09:43 CET | News
German IT and data services provider QSC has reported softened revenue and EBITDA for the financial year 2016 as it rounded up a restructuring and cost-cutting program. QSC reported revenue at EUR 386 million, a 4 percent decrease on 2015. EBITDA was also soft, coming in at EUR 37.1 million, 12 percent below the EUR 42.2 million in the year prior. QSC pointed to its completion of a restructuring program over the course of the year, which reduced employee numbers by 6 percent. QSC said these costs, coupled with larger organisational restructuring, lead to one-off expenses that impacted

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Categories: Fixed / IT
Companies: QSC
Countries: Germany
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