QSC AG (QSCGF.PK) reported that its fiscal 2012 revenue rose to 481.5 million euros from 478.1 million euros in the prior year. Annual EBITDA declined to 77.9 million euros from 79.9 million euros in the previous year. Capital expenditures for the year were 37.0 million euros, up from 35.6 million euros last year.
The company stated that its Management Board will propose to the Annual Shareholders Meeting that the dividend be raised by 1 cent to 0.09 per share euros.
The company expects overall revenues to be at least 450 million euros for fiscal 2013. In spite of declining revenues, QSC anticipates higher profitability and a stronger financial position: The EBITDA margin in 2013 is likely to rise to at least 17 percent, with an increase of at least 24 euros million planned for free cash flow.
The QSC Group has its sights set on revenues of between 800 million euros and 1 billion euros for fiscal 2016, along with an EBITDA margin of 25 percent and a free cash flow of between 120 million euros and 150 million euros.
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