QSC raises full-year EBITDA and free cash flow forecast for 2015
Cologne, 18 August 2015. QSC is raising its full-year forecast for 2015 to account for the further consolidation in July 2015 of the positive trend already seen in previous months. Accordingly, the Company now expects to generate EBITDA of more than € 42 million and a free cash flow of more than € 5 million based on revenues of more than € 400 million. The Company had previously expected EBITDA of more than € 40 million and a positive free cash flow for the financial year as a whole. One key factor driving the Company’s increased earnings and financial strength is its consistent implementation of the cost-cutting programme introduced at the end of February 2015.
This ad-hoc announcement contains forward-looking statements that are based on current expectations and forecasts on the part of the management of QSC AG with regard to future events. Due to risks or erroneous assumptions, actual results may deviate materially from these forward-looking statements.
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