Finanznachrichten
Press Release
ecotel communication ag releases its figures for 2011
- EBITDA up by 45% to € 7.1 million
- Free Cash flow of € 4.9 million
- Net debt reduced by € 4.1 million
- Share repurchase program planned for 2012
Düsseldorf, 30 March, 2012
ecotel had a successful year 2011 – with a record Free Cash flow and a virtually debt free balance sheet. Furthermore, ecotel was able to complete most of its operative goals for 2011 whilst continuing its profitability growth path. Despite the planned revenue decrease to € 84.5 million gross profit increased from € 22.9 million to € 24.6 million. Gross margin rose from 23% to 29%.
EBITDA in 2011 was up 45% to € 7.1 million (€ 4.9 million in 2010), corresponding to an EBITDA margin of 8.3% (5.0% in 2010). EBIT gained 106% yoy and amounted to € 3.1 million (€ 1.5 million in 2010). Net income for 2011 came in at € 1.1 million (€ 0.1 million in 2010), corresponding to earnings per share of € 0.29 (€ 0.02 in 2010). EPS adjusted for deferred taxes from loss carryforwards amounted to € 0.43.
Net debt decreased by € 4.1 million, from € 7.1 million to € 3.0 million. Net debt adjusted for the equity-like KfW subordinated debt amounted to € 0.5 million. ecotel’s equity ratio rose from 41% to 47%.
For 2012 ecotel expects revenue between € 80 and € 90 million, with an EBITDA of € 6.0 to 7.0 million. In addition, ecotel’s board anticipates a rise of the EBITDA margin from 8% - to 10% by 2013 and three digits million EUR revenues in the mid term.
For 2012 ecotel plans to set up a share repurchase program.
The 2011 financial 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 approx. 20,000 business customers. Its
products comprise bundled and convergent voice services, broadband data services
based on DSL and Ethernet, virtual private network services as well as housing and
hosting services.
In its second division, 'Wholesale Customers', the company provides carrier services
to other telecoms operators. 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 ecotel’s wholesale activities as well as mvneco
GmbH.
The division „New Business“ contains ecotel’s fastest growing subsidiaries. Apart
from easybell GmbH, which provides telco services to residential customers, this
division also includes nacamar GmbH with its New Media business.
ecotel is headquartered in Düsseldorf and has at present approx. 210 employees.
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. It is forbidden to distribute this
document outside of Germany, and in particular the United States of America, Canada,
Australia or Japan.
PR office:
Business and Financial Media
Annette Drescher (Assistant to the Managing Director)
Phone: 0211-55 007-740
Fax: 0211-55 007 5 740
E-mail: presse@ecotel.de
Business media
Bernadette Loosen-Flanz (PR)
Phone: 0211-55 007-316
Fax: 0211-55 007 5 316
E-mail: presse@ecotel.de
For more information, please visit us on the web at www.ecotel.de