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ecotel communication ag: ecotel: first visible results of full access product sales
ecotel communication ag / Key word(s): Quarter Results
15.11.2010 08:39
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- Stabilization of gross profit in the B2B segment
- Order backlog of more than 7,500 full access lines
- Reduction of net debt to EUR 6.5 million
Düsseldorf, November 15, 2010
ecotel achieved revenues of EUR 72.6 million (LY: EUR 72.5 million) in the
first nine months of 2010, which are EUR 4.7 million (7%) above the
previous year figures adjusted for the deconsolidation of PPRO GmbH.
Revenues in the third quarter of 2010 were EUR 24.6 million and stable
compared with the previous quarter. The revenue increase in the first nine
months 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. Meanwhile, we see a stabilization of gross profit in this
segment. At the end of the third quarter ecotel had an order backlog of
7,500 full access lines with 3,600 active lines. Until year end ecotel
expects a doubling of active full access lines.
EBITDA in the third quarter was EUR 1.0 million and was EUR 0.2 million
lower than the EBITDA in the second quarter and stayed EUR 0.3 million
below previous year figures. The temporary reduction of EBITDA is due to
non recurring expenses. The cumulated EBITDA for the nine six months of
2010 was EUR 3.2 million (LY: EUR 3.8 million). EBIT in the third quarter
was EUR 0.2 million (LY: EUR 0.3 million). Net income for the first nine
months was EUR 0.1 million, which corresponds to earnings per share of EUR
0.03 Net debt was reduced to EUR 6.5 million.
In line with the current business development ecotel maintains its guidance
for the current business year with revenues of more than EUR 95 million and
EBITDA of more than EUR 4 million. Furthermore, ecotel expects a turnaround
in the B2B segment in the fourth quarter of 2010.
The quarterly 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 at
the Frankfurt Stock Exchange (Prime Standard), 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. This business segment comprises the B2B activities of
ecotel, as well the B2B activities of nacamar GmbH, which have been merged
into ecotel.
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. 210
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:
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
Bernadette Loosen-Flanz (PR)
Tel.: 0211-55 007-316
Fax: 0211-55 007 5 316
Email: presse@ecotel.de
Further information: www.ecotel.de.
15.11.2010 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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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 Announcement DGAP News-Service
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