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ecotel communication ag: ecotel starts year 2011 with new earnings performance
ecotel communication ag / Key word(s): Quarter Results
13.05.2011 / 08:05
* EBITDA increased by 90% as compared with Q1 2010
* Net debt cut in half to 3.2 mill. EUR
* Quarterly result per share 0.11 EUR
Düsseldorf, 13 May 2011
The ecotel group starts the year 2011 with new earnings performance. While
the revenue of 20.8 mill. EUR in the reporting period declined as compared
with the previous year (23.1 mill. EUR), last year's gross profit of 5.2
mill. EUR in the same quarter has increased to 6.3 mill. EUR. The decrease
in revenue was essentially due to the lowering of interconnection fees by
the Federal Network Agency for connections to mobile communications
networks in the low-margin wholesale sector. On the other hand, significant
effects for increasing profitability in Business Solutions were achieved by
improved purchasing conditions and enhanced added value by the marketing of
full access products.
The EBITDA was 1.7 mill. EUR, which is 90% higher than the previous year's
value of 0.9 mill. EUR. The EBITDA margin rose to 8%. The EBIT in the first
quarter totalled 0.9 mill. EUR, which is 0.8 mill. EUR more than in the
first quarter of 2010. The consolidated profit totalled 0.4 mill. EUR. This
corresponds to a profit per share of 0.11 EUR.
The liquid funds increased since the beginning of the year from 6.1 mill.
EUR to 6.5 mill. EUR. As of 31 March 2011 the net debt was only 3.2 mill.
EUR (previous year: 6.6 mill. EUR) due to normal scheduled repayment. As a
result, the equity ratio improved to 43.6% from 38.1% in the first quarter
of 2010.
ecotel is therefore consistently continuing on the planned course for
increased profitability in 2011. The transformation process for the
migration of preselection customers to sustainable full access products
continues at full pace. As of 31 March the company had already received
more than 12,000 full access orders.
ecotel therefore confirms the forecast offered for 2011 to increase
profitability from an EBITDA of 5.5 - 6.5 mill. EUR.
The quarterly report is available for download at the company's website
www.ecotel.de.
About ecotel communication ag:
Listed in the Prime Standard segment of the Frankfurt Stock Exchange,
ecotel communication ag is a telecommunications company with activities in
three business sectors throughout Germany.
In the core segment of Business Solutions ecotel provides about 30,000
business customers with an integrated product portfolio consisting of
voice, data and mobile communications solutions. This segment combines
ecotel's B2B activities and those of ADTG GmbH, which merged with ecotel in
2010.
In the second segment, Wholesale Solutions, the ecotel group markets
preliminary products to other telecommunications companies and outside
distributors. Modern enabling and switching platforms give them access to
the entire ecotel product portfolio, for example unbundled local loop and
broadband connections, or mobile communications solutions. At the same
time, the company achieves high traffic volumes with this segment,
enhancing added value for the core segment of Business Solutions. In
addition to the wholesale activities of ecotel. i-cube GmbH and mvneco GmbH
are also included in this segment.
The New Business segment covers new, fast-growing business segments and
niches of independently operating subsidiaries and holdings. In addition to
easybell GmbH, nacamar GmbH, which now focuses exclusively on new media, is
part of this independent business unit.
The corporate group, with its main office in Düsseldorf, currently has
about 210 employees, including subsidiaries and holdings. ecotel is one of
the fastest-growing technological enterprises in Germany and has placed
five times among Germany's 50 best companies in the Deloitte competition
'Technology Fast 50'.
Note:
This publication is not an offer for the sale nor an invitation for the
purchase or subscription of securities. This publication is not a
securities brochure. This publication and the information contained therein
are not intended for direct or indirect dissemination to or within 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
End of Corporate News
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Language: English
Company: ecotel communication ag
Prinzenallee 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, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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