Finanznachrichten
EQS-Ad-hoc
ecotel communication ag: Profits lower than expected – Adjustment of profit planning
ecotel communication ag / Profit Warning
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Düsseldorf, September 21, 2007
The expected earnings before interest and tax (EBIT) for 2007 will be
significantly lower than previously published. ecotel communication ag
anticipates an EBIT of approx. 6 million Euro for the fiscal year 2007. Up
to now the company expected to generate an EBIT of approx. 10 million Euro.
Revenues for 2007 are estimated to reach up to 90 million Euro.
The main reason for the marked decline is that the financial figures of
nacamar GmbH for 2006, on which the financial planning for 2007 was based,
have to be corrected significantly, as turned out during the further
integration of nacamar into ecotel group. Based on these figures the EBIT
for the first half 2007 was overstated by estimated 0.8 million Euro. This
results in a significant reduction of the expected EBIT of nacamar for the
second half of 2007, as well. As a consequence nacamar GmbH will remove its
CFO. ecotel also examines potential damage claims against the seller of
nacamar GmbH.
ecotel intends to deal with this development by a raft of measures. As
regards nacamar GmbH, it is planned to implement a restructuring plan which
is closely monitored by ecotel.
ecotel is confident to reverse the weakened results from 2008 onwards and
to continue its profitable growth.
Additional information:
ISIN: DE0005854343
WKN: 585434
Symbol: E4C
Trading segment: Official Market of the Frankfurt stock exchange, Prime
Standard
Location: Düsseldorf
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Information and Explaination of the Issuer to this News:
About ecotel communication ag:
As a telecommunications company that operates throughout Germany, ecotel
communication ag specialises in the requirements of small and medium-sized
enterprises. In its core 'Business Customer Solutions' division, ecotel
offers innovative voice, data and value added services including direct
connections as a full, low-cost package from a single source. Since
acquiring Tiscali Nacamar GmbH in March 2007 (now operating under nacamar
GmbH), ecotel also has professional data services such as secure networking
of corporate locations (VPN) in its portfolio and operates its own German
backbone network including a data centre in Frankfurt. The Company now
provides more than 45.000 business customers from all sectors throughout
Germany with standardised and individual telecommunications solutions.
In its second division 'Resale' the company provides telecoms carrier
services to other telecoms operators and non-industry distributors as well
as wholesale services. In addition, ecotel operates a state-of-the-art
Wholesale platform for the inter company trade of telephony minutes with
over 90 national and international carriers and broadens its value chain
for the core business 'business customers'.
ecotel was founded in 1998 and is headquartered in Düsseldorf. At present,
the group has over 230 employees. It is among the fastest growing
technology companies and was ranked 8th and 38th in 2005 and 2006 in the
Deloitte 'Technology Fast 50' competition.
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
Tel.: 0211-55 007-310
Fax: 0211-55 007 5 310
Email: presse@ecotel.de
21.09.2007 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 7300
Fax: +49 (0)211 55 00 75300
E-mail: info@ecotel.de
Internet: http://www.ecotel.de
ISIN: DE0005854343
WKN: 585434
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin, Stuttgart, München, Düsseldorf
End of News DGAP News-Service
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