QSC AG's q.beyond AG Sees Strong FY24 Performance and Promising FY25 Outlook

QSC AG's subsidiary, q.beyond AG, reported its preliminary Fiscal Year 2024 results, surpassing EBITDA expectations while aligning sales with forecasts. FY24 sales reached €193 million, bolstered by a 4.9% increase in the Managed Services segment, though the Consulting segment faced a 5.7% decline. The gross margin improved by 3.4 percentage points to 18%, driven by an enhanced near- and offshore ratio.

q.beyond AG's EBITDA outperformed projections, reaching €10.5 million against an estimate of €9.2 million. The significant growth was attributed to efficiency measures in SG&A and the cessation of low-margin consulting projects. Free cash flow also showed strong improvement at €3.2 million, according to the company's definition.

Looking ahead, q.beyond AG's FY25 guidance targets sales between €184-190 million and an EBITDA of €12-15 million, supported by sustained positive net income. With a €30 million M&A budget, the company aims to acquire margin accretive targets focusing on public sector opportunities.