0
Broadband

QSC sees jump in profits, cash flow after sale of Plusnet

Monday 5 August 2019 | 16:16 CET | News
German service provider QSC reported higher profits and cash flow for the second quarter, thanks to the sale of its subsidiary Plusnet. EBITDA jumped from EUR 9 million in Q2 2018 to EUR 129.9 million in Q2 this year, and the free cash flow increased to EUR 156.7 million from EUR 3.6 million a year ago. Net income reached EUR 106.1 million this quarter compared to EUR 400,000 a year earlier.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: QSC
Countries: Germany
::: add a comment
This article is part of dossier

IoT


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

QSC contracted by Brunata-Metrona Hurth for SAP application management

Published 22 Aug 2019 14:32 CET | Germany
German service provider QSC was contracted by Brunata-Metrona Hurth to perform application management services for all of its SAP ...

QSC to join Open Industry 4.0 Alliance

Published 14 Aug 2019 13:40 CET | Germany
German service provider QSC opted to join the Open Industry 4.0 Alliance and actively promote the standardisation and ...

Last week in telecoms: Cellnex up on Arqiva news, BT still going down

Published 12 Aug 2019 07:00 CET | Europe
The European telecoms services market was led by quarterly results in week 32, along with some relatively minor M&A news. Our ...

QSC targets EUR 200 million revenues, 10% EBITDA margin in 2020plus growth strategy

Published 27 May 2019 10:37 CET | Germany
The company recently upgraded its forecast for the fiscal year 2019 based on the sale of its subsidiary Plusnet, predicting ...

QSC sells Plusnet to EnBW Telekommunikation for EUR 229 mln

Published 07 May 2019 09:49 CET | Germany
The divestment is expected to help QSC accelerate its expansion in the cloud and IoT businesses. The firm said it intends to ...

QSC signs contract to migrate SAP system of Fressnap

Published 09 Apr 2019 09:25 CET | Germany
The SAP system of Fressnap will be managed in the SAP HANA Enterprise Cloud. QSC will migrate its SAP ERP and CRM systems to the ...

QSC wins cloud, network deal from PEAC Finance

Published 08 Jun 2018 14:05 CET | Germany
Financial company PEAC Finance Germany has commissioned German ICT service provider QSC to migrate its existing IT landscape to a ...

QSC selected to operate Ludwigsburg fibre-optic network

Published 09 Apr 2018 17:35 CET | Germany
The city of Ludwigsburg in Baden-Wuerttemberg, Germany, has selected services provider QSC to operate its fibre-optic network set ...