QSC AG : Soft Q2 results on earlier than expected Plusnet deconsolidation and further reorganisation; 2019 guidance parameters also affected
>Soft segment results - QSC AG published Q2 2019 segment results shy of estimates mainly due to an earlier than expected deconsolidation of its Plusnet telecommunications subsidiary. However, the sale of Plusnet, closed at the end of June instead of the end of July 2019, was a major milestone in QSC’s new strategic realignment, pouring in some ~€ 150m in net liquidity to clear QSC of all its financial debt and enable it to start investing in growth. Q2 2019 group rev...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.