MONTRÉAL, Aug. 7, 2018 /CNW
Telbec/ - Quebecor wants to set the record straight on the
contracts between its subsidiaries and Québec public agencies. The
Corporation is proud to serve its public sector clients across
Québec and to provide them with Quebecor's high-quality platforms
and the benefits of healthy competition. However, Quebecor's
revenues from those contracts account for a very small proportion
of the $4.1 billion in
revenues1 and of the $1.6
billion in adjusted operating income1 posted in
2017. Therefore, those contracts have no material impact on the
Corporation's profitability.
All services and operations of the Corporation and its
subsidiaries remain unchanged. Legal proceedings to regularize the
situation are underway. We are confident that the matter will be
settled in the near future without restricting the Corporation's
activities or its public sector clients.
1 As reported in our consolidated financial
statements for 2017.
Cautionary statement regarding forward-looking
statements
The statements in this press release that are
not historical facts are forward-looking statements and are subject
to significant known and unknown risks, uncertainties and
assumptions that could cause the Corporation's actual results for
future periods to differ materially from those set forth in the
forward-looking statements. Forward-looking statements may be
identified by the use of the conditional or by forward-looking
terminology such as the terms "plans," "expects," "may,"
"anticipates," "intends," "estimates," "projects," "seeks,"
"believes," or similar terms, variations of such terms or the
negative of such terms. Certain factors that may cause actual
results to differ from current expectations include seasonality
(including seasonal fluctuations in customer orders), operating
risk (including fluctuations in demand for Quebecor's products and
pricing actions by competitors), new competition and Quebecor's
ability to retain its current customers and attract new ones, risks
related to fragmentation of the advertising market, insurance risk,
risks associated with capital investments (including risks related
to technological development and equipment availability and
breakdown), environmental risks, risks associated with
cybersecurity and the protection of personal information, risks
associated with labour agreements, credit risk, financial risks,
debt risks, risks related to interest rate fluctuations, foreign
exchange risks, risks associated with government acts and
regulations, risks related to changes in tax legislation, and
changes in the general political and economic environment.
Investors and others are cautioned that the foregoing list of
factors that may affect future results is not exhaustive and that
undue reliance should not be placed on any forward-looking
statements. For more information on the risks, uncertainties and
assumptions that could cause Quebecor's actual results to differ
from current expectations, please refer to Quebecor's public
filings, available at www.sedar.com and www.quebecor.com,
including, in particular, the "Risks and Uncertainties" section of
Quebecor's Management Discussion and Analysis for the year ended
December 31, 2017. The
forward-looking statements in this press release reflect Quebecor's
expectations as of May 8, 2018, and
are subject to change after that date. Quebecor expressly disclaims
any obligation or intention to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by applicable securities laws.
About Quebecor
Quebecor, a Canadian leader in
telecommunications, entertainment, news media and culture, is one
of the best-performing integrated communications companies in the
industry. Driven by their determination to deliver the best
possible customer experience, all of Quebecor's subsidiaries and
brands are differentiated by their high-quality, multiplatform,
convergent products and services.
Quebecor (TSX: QBR.A, QBR.B) is headquartered in Québec and
employs more than 10,000 people in Canada.
A family business founded in 1950, Quebecor is strongly
committed to the community. Every year, it actively supports more
than 400 organizations working in the vital fields of culture,
health, education, the environment and entrepreneurship.
Visit our website: www.quebecor.com
Follow us on Twitter: twitter.com/Quebecor
SOURCE Quebecor