q.beyond AG (0CHZ) Q3 2021 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to QBeyond's conference call regarding the third quarter results 2021. At this time, all participants have been placed on a listen-only mode. The floor will be open for questions following the presentation. Let me now give the floor to Mr. Jürgen Herrmann. Please go ahead. Thank you, and hello and welcome to our Q3 conference call. My name, as mentioned, is Jürgen Herrmann. I'm the CEO of the company. And with me, like always, is Arne Thule, our head of investor relations and responsible for M&A. Yes, ladies and gentlemen, it was another quarter, by the way, the ninth one on the execution of our growth strategy 2020 plus that we launched in spring 2019. And yeah, it was, from my point of view, an extraordinary quarter because we were able to sell our colocation business as promised, and from my point of view, quite successful. And when we look on page three, you can see the impact of this sale. But let me start with the revenue development. And you can see that we were able to increase revenues from 35.1 million in the last quarter to 40 million in this quarter. And this was purely From the operating result, there was no impact from the collocation sale. The collocation sale with the impact can see on the EBTA and the consolidated net income, and I come to that later on, but the impact was quite high and very positive. And the free cash flow increased as well to $30.6 million. with a small impact out of the sale. The major impact will be shown in Q4 because the closing of the second transaction was done early October. So with that, let's come to page four where we have, because it was an extraordinary impact, you can see the collocation sale at a glance. Just to remember that collocation business is a business that is...