QSC 9M EBITDA improves 31%

9 Nov 2009

German fixed network operator QS Communications (QSC) has posted its results for the three months ended 30 September 2009, reporting earnings before interest, tax, depreciation and amortisation (EBITDA) of EUR19.2 million (USD28.5 million), up from EUR18.3 million in the same period a year earlier. During the first nine months of 2009, EBITDA improved 31% year-on-year to EUR57.7 million on the back of a 5% rise in revenue to EUR315.7 million. Turnover for the third quarter increased slightly to EUR104.4 million, compared to EUR103.6 million in Q3 2008. At EUR2.1 million, QSC recorded its highest quarterly net income in the current fiscal year, while net profit for the first nine months of 2009 totalled EUR4.6 million, compared to a net loss of EUR3.5 million in the same period a year earlier.

Meanwhile, CAPEX for the third quarter of 2009 halved year-on-year to EUR10.3 million, compared to EUR21.1 million a year earlier. QSC anticipates capital expenditure of less than EUR50 million for the full 2009 fiscal year, as opposed to EUR91.4 million in 2008. ‘Following the conclusion of the capital investment phase, we are now successfully focusing on marketing higher-margin products and services to enterprise customers, and are utilising our nationwide next generation network (NGN), in particular, for this purpose,’ said the company’s CEO, Dr. Bernd Schlobohm, adding, ‘Thanks to the expansion of our NGN early on and our unrivaled positioning in the German telecommunications market as a mid-size company serving mid-size companies, we have been able to grow our profitability and financial strength from quarter to quarter.’

Germany, QSC