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ecotel communication ag: ecotel communication ag presents its financial results 2007
ecotel communication ag / Final 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.
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Düsseldorf, March 31, 2007
- Revenues grow by 66% to € 93.2 million
- EBITDA increases by 104% to € 9.2 million
- EBIT increases by 62 % to € 6.0 million
ecotel communication ag presents its financial results for 2007 and
maintains its profitable growth path for the tenth year since its
foundation. The preliminary results have been slightly overachieved.
Revenues grew by 66% from € 56,3 million to € 93.2 million Euro. EBITDA
increased by 104% from € 4.5 million to € 9.2 million. EBIT improved by 62%
from € 3.7 million to € 6.0 million. Compared to the preliminary figures
there has been a deferral of revenues and cost, which led to an increase of
depreciation and EBITDA of € 0.6 million. The EBIT has remained unchanged.
Earnings after minority interests grew by 56% from € 2.1 million to € 3.3
million. This corresponds to earnings per share of 0.90 Euro compared to
0.64 Euro in 2006. Earnings per share for 2007 adjusted for deferred taxes
were € 1.08.
For 2008 the company expects further profitable growth. Revenues are
expected to grow to
€ 100 – 110 million. Earnings from operations in 2008 will be affected by
significant extraordinary results, which are currently difficult to assess.
Among other things it includes the dispute with Tiscali S.P.A. regarding a
reduction of the purchase price for the acquisition of nacamar GmbH. ecotel
expects the 2008 EBITDA adjusted for extraordinary effects to be at more
than € 7 million, slightly above the 'normalised' 2007 figures.
After its aggressive growth in 2007 ecotel is now consolidating its
subsidiaries in order to fully leverage the synergies of its acquisitions
and to strengthen its competitive position. The future business of ecotel
will be based on three business divisions: Business Customers, Wholesale
Customers and New Business.
The financial report 2007 can be downloaded from the company’s website at
www.ecotel.de.
About ecotel communication ag:
ecotel is a 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
provides more than 45.000 business customers within Germany with
standardised and individual telecommunications solutions and consistently
pushes its of 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. 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'.
The division 'New Business' comprises ecotel’s fast growing subsidiaries
and new ventures. Apart from PPRO, easybell, ecotel private and toBEmobile
the division also includes nacamar’s New Media business, which will be
transferred into an independent business unit.
ecotel was founded in 1998 and is headquartered in Düsseldorf. At present,
the group has 220 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 three 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.
31.03.2008 Financial News transmitted by DGAP
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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, Stuttgart, München, Düsseldorf
End of News DGAP News-Service
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