QSC sales rise 1% in 2012

QS Communications (QSC), a provider of ICT and telecoms services to small- and medium-sized enterprises in Germany, has announced its preliminary financial results for the twelve months ended 31 December 2012, reporting the successful continuation of its transformation to a fully-fledged provider of ICT services. Total revenue rose 1% from EUR478.1 million (USD621.9 million) in 2011 to EUR481.5 million twelve months later, of which direct sales (custom ICT services) accounted for EUR187.9 million (an increase of 24% year-on-year), while indirect sales (modular design product portfolio including DSL and telephony) reached EUR125.1 million in 2012 (up 3%) and resellers revenues (preliminary products for ISPs, carriers and resellers, and open access platform) totalled EUR168.5 million, down 18% compared to the previous year. The Cologne-based company said that earnings before interest, tax, depreciation and amortisation (EBITDA) for 2012 decreased slightly to EUR77.9 million from EUR79.9 million the previous year. Last month, the two founders of QSC each acquired 1.575 million shares in the company at a price of EUR2.25 per share over the counter. Following the transaction, Gerd Eickers holds 12.6% of QSC shares, while Dr. Bernd Schlobohm increased his shareholding to 12.5%.