German fixed network operator QS Communications (QSC) has reported a 3% year-on-year rise in second quarter 2009 revenue to EUR103.7 million (USD146.7 million). The Cologne-based company’s earnings before interest, tax, depreciation and amortisation (EBITDA) for Q2 2009 totalled EUR19 million, up 34% compared with the same period a year earlier. Thanks to a focus on higher margin products and services and strict cost discipline, QSC saw operating profit grow to EUR2.3 million in three months ended 30 June 2009, compared to an operating loss of EUR0.8 million in the same period of 2008, net income rose to EUR1.1 million in Q2 2009, as opposed to a net loss of EUR1.5 million the year before. QSC’s CEO, Bernd Schlobohm, commented: ‘In spite of the economic crisis, QSC has thus been able to significantly improve both its financial strength and its profitability.’
QSC’s revenue for the first half of 2009 rose 7% year-on-year to EUR211.3 million and EBITDA soared 50% to EUR38.5 million, increasing its EBITDA margin by five percentage points to 18% during the space of a year.