Finanznachrichten
Corporate News
ecotel communication ag: slight increase in revenues and EBITDA
ecotel communication ag / Half Year Results
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
----------------------------------------------------------------------
ecotel: slight increase in revenues and EBITDA
* Revenue guidance of appr. EUR 100 million and EBITDA guidance of
EUR 5 - 5,5 million for 2009
* New efficiency improvement program
Düsseldorf, August 14, 2009
Ecotel stabilized its revenue development in the second quarter of 2009 and
increased revenues to EUR 24.3 million - compared to revenues of EUR 24.1
million for the first quarter of 2009. On a year to year comparison
revenues for the first six months of 2009 are 8% lower. The decline can be
attributed to the tight economic situation as well as the competitive
situation in the business segment and the suspended processing of the
uninterrupted takeover of access lines by Deutsche Telekom AG (DTAG).
EBITDA in the second quarter was EUR 1.3 million and was EUR 0.1 million
above the previous quarter's EBITDA, however, stayed EUR 0.4 million below
previous year figures. The cumulated EBITDA for the first six months of
2009 was EUR 2.5 million. EBIT in the second quarter was EUR 0.3 million
and was EUR 0.6 million lower than the previous year figure. Net income for
the first six months was EUR 0.1 million. This amounts to earnings per
share of EUR 0.03.
A preliminary success was achieved in the regulatory environment. In July
DTAG's claim against the regulatory body's (Bundesnetzagentur) decision of
an abusive misconduct by DTAG regarding the takeover of DTAG access
products by resellers was dismissed. In this context ecotel awaits the
final regulatory decision regarding the discounted resale of PSTN and ISDN
access lines, which is due for September 2009.
As part of its multi supplier strategy for access lines ecotel is going to
sell an innovative product bundle based on the infrastructure of
alternative carriers in the forthcoming weeks.
In order to improve its profitability ecotel has launched an efficiency
improvement program in the areas of procurement, administration and staff
in order to achieve cost savings of EUR 0.8 million for 2009 and savings
plus synergies of more than EUR 2.5 million for 2010.
Due to the ongoing delay of the regulatory decision regarding the resale of
PSTN and ISDN lines ecotel expects to generate revenues of appr. EUR 100
million and to generate an EBITDA adjusted for extraordinary cost and
revenues of EUR 5 - 5,5 million for 2009.
The quarterly report Q1 2009 can be downloaded from the company's website
at www.ecotel.de.
About ecotel communication ag:
ecotel is a publicly listed telecommunications company 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. ecotel meanwhile
serves appr. 40.000 business customers within Germany with standardised and
individual telecommunications solutions and consistently implements its
fixed mobile convergence (FMC) strategy.
In its second division 'Wholesale Customers' the company provides carrier
and wholesale services to other telecoms operators and to non-industry
distributors. At the same time the company achieves economics of scale and
broadens its value chain for its own core business 'business customers'.
The division 'New Business' contains ecotel's fast growing subsidiaries and
new ventures. Apart from PPRO and easybell this division also includes
nacamar's New Media business, which has been transferred into this unit.
ecotel was founded in 1998 and is headquartered in Düsseldorf. At present,
the group has approx. 200 employees. It is among the fastest growing
technology companies and was ranked among the top 50 companies in the
Deloitte 'Technology Fast 50' competition for the past four consecutive
years.
Please note:
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.
Press contact:
ecotel communication ag
Wirtschafts- und Finanzmedien
Annette Drescher (Assistentin des Vorstandes)
Tel.: 0211-55 007-740
Fax: 0211-55 007 5 740
Email: presse@ecotel.de
Fachmedien
Alexandra Rath (Leitung Marketing / PR)
Tel.: 0211-55 007-310
Fax: 0211-55 007 5 310
Email: presse@ecotel.de
Further information: www.ecotel.de.
14.08.2009 Financial News transmitted by DGAP
----------------------------------------------------------------------
Language: English
Issuer: ecotel communication ag
Prinzenallee 9-11
40549 Düsseldorf
Deutschland
Phone: +49 (0)211 55 00 70
Fax: +49 (0)211 55 00 7 222
E-mail: info@ecotel.de
Internet: http://www.ecotel.de
ISIN: DE0005854343
WKN: 585434
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------------
back