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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As part of its preparations for the transfer from the Entry Standard segment to the Prime Standard segment ecotel has published its consolidated financial statements for 2006 in accordance with IFRS accounting standards for the first time. From now on, ecotel will also publish its quarterly results in line with IFRS.

ecotel had already previously announced its 2006 results in line with HGB on April 12, 2006 and confirmed its excellent preliminary figures for the year.

As a result of the transition to IFRS, there are some deviations from the HGB figures, which are reported in detail in the 2006 annual report. The main difference is the method of consolidation of the subsidiaries acquired in 2006. Whereas e.g. DSLCOMP Communication GmbH (which was acquired on 23 May and merged with ecotel and consolidated from January 1, 2006) was consolidated in the HGB financial statements from January 1, 2006 the company is only included in the IFRS results from the date of acquisition on May 23, 2006. In order to demonstrate this effect ecotel also prepared a pro forma (as if) presentation in which all 2006 acquisitions are shown as if they were consolidated from January 1, 2006 rather than from the acquisition date.

In 2006 ecotel reported IFRS revenues of €56.3 million and pro forma revenues of €62.1 million compared to HGB revenues of €61.4 million.
EBIT was €3.8 million for IFRS, €4.6 million in the pro forma results and €4.5 million in the HGB annual financial statements.
The net income for the period was €2.4 million for IFRS and €2.9 million in the pro forma financial statements. As a result of the consolidation loss of DSLCOMP and non-recurring expenses for the IPO, the HGB annual financial statements showed a net loss of €5.9 million for 2006.
The 2006 IFRS annual report and the HGB financial statements have been published on ecotel’s Web site (www.ecotel.de) and can also be requested from the Company.

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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, ecotel has also sold professional data services, such as secure networking of corporate locations (VPN); since then, ecotel has also operated its own backbone network for all of Germany with its data centre in Frankfurt. The Company now provides more than 40,000 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 70 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 210 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.

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. Such offer is exclusively be made through and on the basis of a securities prospectus. This document must not be distributed outside of Germany, in particular not in the United States of America, Canada, Australia and 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 Würz
Tel.: 0211-55 007-310
Fax: 0211-55 007 5 310
Email: presse@ecotel.de

Further informations: www.ecotel.de.


DGAP 30.04.2007 

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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:       achim.theis@ecotel.de
www:          www.ecotel.de
ISIN:         DE0005854343
WKN:          585434
Indices:      
Listed: Freiverkehr in Berlin-Bremen, München, Düsseldorf, Stuttgart;               Entry Standard in Frankfurt
 
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