ecotel communication ag: ecotel: first visible results of full access product sales
ecotel communication ag / Key word(s): Quarter Results
- Stabilization of gross profit in the B2B segment - Order backlog of more than 7,500 full access lines - Reduction of net debt to EUR 6.5 million
Düsseldorf, November 15, 2010
ecotel achieved revenues of EUR 72.6 million (LY: EUR 72.5 million) in the first nine months of 2010, which are EUR 4.7 million (7%) above the previous year figures adjusted for the deconsolidation of PPRO GmbH. Revenues in the third quarter of 2010 were EUR 24.6 million and stable compared with the previous quarter. The revenue increase in the first nine months is mainly due to new revenues in the wholesale segment and new revenues of the subsidiary easybell in the New Business segment. Revenues in the B2B segment were declining due to the loss of traditional preselect revenues. Meanwhile, we see a stabilization of gross profit in this segment. At the end of the third quarter ecotel had an order backlog of 7,500 full access lines with 3,600 active lines. Until year end ecotel expects a doubling of active full access lines.
EBITDA in the third quarter was EUR 1.0 million and was EUR 0.2 million lower than the EBITDA in the second quarter and stayed EUR 0.3 million below previous year figures. The temporary reduction of EBITDA is due to non recurring expenses. The cumulated EBITDA for the nine six months of 2010 was EUR 3.2 million (LY: EUR 3.8 million). EBIT in the third quarter was EUR 0.2 million (LY: EUR 0.3 million). Net income for the first nine months was EUR 0.1 million, which corresponds to earnings per share of EUR 0.03 Net debt was reduced to EUR 6.5 million.
In line with the current business development ecotel maintains its guidance for the current business year with revenues of more than EUR 95 million and EBITDA of more than EUR 4 million. Furthermore, ecotel expects a turnaround in the B2B segment in the fourth quarter of 2010.
The quarterly report can be downloaded from the company's website at www.ecotel.de.
About ecotel communication ag:
ecotel communication ag is a publicly listed telecommunications company at the Frankfurt Stock Exchange (Prime Standard), which operates in Germany and focuses on three business divisions.
In its core division 'Business Customers' the company offers an integrated product portfolio of voice, data and mobile services to appr. 30,000 business customers. This business segment comprises the B2B activities of ecotel, as well the B2B activities of nacamar GmbH, which have been merged into ecotel.
In its second division 'Wholesale Customers' the company provides carrier and wholesale services to other telecoms operators and to non-industry distributors. ecotel deploys state of the art enabling and switching platforms in order to provide its product portfolio (unbundled local loops, broadband access lines, mobile services) to other resellers. At the same time the company achieves economics of scale and broadens its value chain for its own core business 'business customers'. This business segment comprises the wholesale activities of ecotel as well as all of i-cube GmbH and mvneco GmbH.
The division 'New Business' contains ecotel's fast growing subsidiaries and new ventures. Apart from easybell GmbH, this division also comprises the New Media business of nacamar GmbH.
ecotel is headquartered in Düsseldorf and has at present appr. 210 employees.
This publication does not constitute an offer for the sale of shares in the company or a solicitation of an offer for the purchase of shares in the company. Furthermore this publication shall not constitute a securities prospectus. This document must not be distributed outside of Germany, in particular not in the United States of America, Canada, Australia or Japan.
ecotel communication ag
Wirtschafts- und Finanzmedien
Annette Drescher (Assistentin des Vorstandes)
Tel.: 0211-55 007-740
Fax: 0211-55 007 5 740
Bernadette Loosen-Flanz (PR)
Tel.: 0211-55 007-316
Fax: 0211-55 007 5 316
Further information: www.ecotel.de.
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Company: ecotel communication ag
Phone: +49 (0)211 55 00 70
Fax: +49 (0)211 55 00 7 222
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in München, Düsseldorf, Berlin, Stuttgart
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