qsc ag (QSC) Snapshot

QSC AG reported consolidated earnings results for the first quarter of 2013. For the quarter, the company reported revenues of EUR 113.0 million compared to EUR 116.0 million for the same quarter one year earlier. EBITDA was EUR 18.9 million compared to EUR 17.5 million a year ago. EBIT was EUR 6.3 million compared to EUR 4.0 million a year ago. Consolidated net income was EUR 5.1 million compared to EUR 2.3 million a year ago. Free cash flow was EUR 5.1 million compared to EUR 5.8 million a year ago. Capital expenditures were EUR 9.8 million compared to EUR 8.7 million a year ago.

QSC AG, Q1 2013 Earnings Call, May 13, 2013

In its meeting on March 19, 2013, the supervisory board of QSC AG appointed Barbara Stolz (44) Chief Financial Officer of QSC AG effective June 1, 2013. She thus succeeds CFO Jürgen Hermann, who will become the company's Chief Executive Officer effective May 30, 2013. Barbara Stolz has headed up the entire Finance operation at QSC AG since September 2009, and following the acquisition of IP Partner AG in late 2010 additionally served as this subsidiary's chief financial officer, where her responsibilities included integrating the company into the QSC Group. Stolz had joined QSC AG in 2005 as the head of Accounting after she had previously gathered extensive professional experience at such companies as IVG Immobilien AG and Metro AG.