DGAP-News

QSC announces preliminary numbers for 2011 and plans to pay a dividend of EUR 0.08 per share

DGAP-News: QSC AG / Key word(s): Preliminary Results/Dividend
QSC announces preliminary numbers for 2011 and plans to pay a dividend
of EUR 0.08 per share

05.03.2012 / 07:30

---

QSC announces preliminary numbers for 2011 and plans to pay a dividend of
EUR 0.08 per share

Cologne, March 5, 2012. In 2011, QSC AG accelerated its evolution into an
ICT provider and raised key metrics. Given the Company´s strong financial
position and profitability, the Management Board will, as planned, propose
to the Annual Shareholders Meeting to declare the first ever distribution
of a dividend in the amount of EUR 0.08 per share. QSC views this amount as
being the minimum for the coming years, as well, while striving to steadily
increase the dividend.

The QSC Group increased revenues to EUR 478.1 million in fiscal 2011,
compared to EUR 422.1 million the year before. The initial consolidation of
the two new subsidiaries, IT Outsourcing and IT Consulting provider INFO AG
(effective May 2, 2011) and Housing and Hosting specialist IP Partner
(effective January 3, 2011) played a key role in this positive development.
Moreover, QSC was able to win new SME customers and sell additional
products and services to its existing customer base. As a result of these
advances, in 2011 the Company was able to significantly increase the
percentage of total revenues accounted for by IP-based revenues to 77
percent, compared to 68 percent the year before. QSC generated only 23
percent of total revenues in the conventional ´old´ lines of business of a
TC provider, such as call by call and reselling DSL lines; revenues in
´old´ business declined by nearly EUR 25 million in fiscal 2011.

QSC invested in growth and recruited additional professionals in 2011

The rising percentage of ICT revenues and, in particular, the relatively
personnel-intensive revenues here in Consulting and Outsourcing business
altered the cost structure of the QSC Group, especially during the second
half of fiscal 2011. Plus capital investments in the strong growth of ICT
business, especially through the recruitment of further staff: At year-end
2011, the QSC Group, including the two new subsidiaries, employed a
workforce of 1,303 people, compared to 608 the year before.

In spite of these factors, QSC was able to raise its EBITDA by 2 percent to
EUR 79.9 million during the past fiscal year, with the EBITDA margin
reaching 17 percent. EBIT improved by 25 percent to EUR 26.2 million during
the past fiscal year. Consolidated net income rose by 16 percent to EUR