QSC AG : Q2 18 results in line with consensus – still no major top-line catalyst
>Q2 18 results in line with expectations - QSC published its Q2 18 results on 06 Aug. Revenues came in at € 92.1m (cons.: € 91.8m, Oddo BHFe: € 91.9m), up 5.7% yoy and down -2.1% qoq, mainly driven by sales in the Telecommunications (TC) reseller business, where demand was strong in the international voice termination business. However, QSC expects this trend to decline. EBITDA came in at € 9.0m (cons.: € 8.9m, Oddo BHFe: € 8.9m), down -7.1% yoy and -2.3% qoq. EBIT st...QSC is a provider for the Information Technology and Telecommunications market. Co.'s range of products, services and solutions includes solutions for the individual needs of business customers as well as products for smaller companies and distribution partners. The range can be classified into: Telecommunications services, Outsourcing, Consulting and Cloud Services. Co. has three business units: Direct Sales, which focuses on solutions business, and addresses larger and mid- size enterprises in Germany; Indirect Sales, which addresses smaller and mid-size companies in Germany; and Resellers, which bundles its business with service providers that address residential customers.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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