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ecotel communication ag: Continued positive trend of ecotel in 2010
ecotel communication ag / Quarter Results
13.08.2010 08:32
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- Improvement of all major key data compared to the previous quarter
- Order backlog of more than 5.000 full access lines
- Step-up of revenue guidance
Düsseldorf, August 13, 2010
Revenues in the second quarter were EUR 24.9 million (LY: EUR 24.3 million)
and was
EUR 2.1 million above the previous year figures adjusted for the
deconsolidation of PPRO GmbH. The revenue increase is mainly due to new
revenues in the wholesale segment and new revenues of the subsidiary
easybell in the New Business segment. Revenues in the B2B segment were
declining due to the loss of traditional preselect revenues, which was not
yet compensated by new full access revenues. Meanwhile, we see a promising
development in the migration and sales of the new full access products. At
the end of the second quarter ecotel had an order backlog of more than
5.000 full access lines.
EBITDA in the second quarter was EUR 1.2 million and was EUR 0.3 million
higher than the EBITDA in the first quarter but stayed EUR 0.1 million
below previous year figures. The cumulated EBITDA for the first six months
of 2009 was EUR 2.1 million (LY: EUR 2.5 million).
EBIT in the second quarter was EUR 0.4 million and was EUR 0.3 million
higher than the EBIT in the first quarter and was EUR 0.1 million above
previous year figures. Net income for the first six months was EUR 0.1
million, which corresponds to earnings per share of EUR 0.03.
ecotel is convinced that a successful migration of its customer base
towards full access lines and the sales of product bundles secure its
business proposition in the medium term.
In line with a promising migration process of full access lines and new
revenues of the subsidiaries ecotel raises its revenue guidance for the
current business year. For 2010 ecotel now expects revenues of EUR 90 - 95
million, which is above 2009 figures adjusted for the deconsolidated PPRO.
EBITDA is expected to reach EUR 4 - 4.5 million.
For 2011 ecotel anticipates a successful migration to full access products
and rising revenues from convergence products. Therefore the board
increases its revenue guidance to EUR 100 million and expects EBITDA of EUR
5.5 - 6.5 million.
The 2009 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
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 appr. 30.000
business customers within Germany. This business segment comprises the B2B
activities of ecotel, all of ADTG GmbH as well the B2B activities of
nacamar GmbH, which has been merged into ecotel in 2009.
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'. This business segment
comprises the wholesale activities of ecotel as well as all of i-cube GmbH
and mvneco GmbH.
The division 'New Business' contains ecotel's fast growing subsidiaries and
new ventures. Apart from easybell GmbH, this division also comprises the
New Media business of nacamar GmbH.
ecotel is headquartered in Düsseldorf and has at present appr. 200
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. This document must not be distributed outside of Germany, in
particular not in the United States of America, Canada, Australia or Japan.
Press contact:
Economic- and Finance media
Annette Drescher (Assistant of the Management Board)
Tel.: 0211-55 007-740
Fax: 0211-55 007 5 740
Email: presse@ecotel.de
Professional media
Bernadette Loosen-Flanz (PR)
Tel.: 0211-55 007-316
Fax: 0211-55 007 5 316
Email: presse@ecotel.de
Further information: www.ecotel.de.
13.08.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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 München, Düsseldorf, Berlin, Stuttgart
End of News DGAP News-Service
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