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ecotel communication ag: ecotel starts year 2014 successfully
DGAP-News: ecotel communication ag / Key word(s): Quarter Results
15.05.2014 / 07:55
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- Revenue of EUR 26.2 million, EBITDA of EUR 1.7 million
- Increased revenue in all three business units
- Forecast for 2014 confirmed after positive start
Düsseldorf, 15 May 2014
ecotel started the year 2014 successfully and was able to demonstrate a
positive development in all three business units. Consolidated turnover for
example increased from EUR 21.5 million to EUR 26.2 million in the
comparison period and gross profit increased from EUR 6.5 million to EUR
6.6 million.
EBITDA, at EUR 1.7 million, was at the same level as the same period last
year. Due to high write-downs EBIT decreased slightly to EUR 0.7 million
(previous year: EUR 0.9 million). Consolidated profit after third-party
shares totalled EUR 0.3 million (previous year: EUR 0.5 million). This
corresponds to earnings per share of EUR 0.07 (previous year: EUR 0.13).
The net debt of EUR 1.4 million remained at the same level as the previous
quarter. The equity ratio remained nearly unchanged at 45% in the reporting
period.
In addition to the positive development in ecotel's high-margin core
business (B2B solutions for business customers), easybell was also able to
continue the positive business development of the previous year.
As an important milestone the company is able to report that the router
roll-out for the secure connection of about 10,000 Allianz agencies for
digitalisation and optimisation of the information transfer between
agencies and the main office was successfully completed at the end of first
quarter 2014. With this step the foundation is now laid for targeted
marketing and follow-up measures to convince as many agencies as possible
to reorient toward ecotel.
The company was also able to achieve initial success in the area of NGN
(Next Generation Network) products, which will be at the focus of future
developments. As an exhibit partner of Unify at CeBIT, ecotel presented the
new PBX hosting concept, which received much positive feedback. This gives
Unify partners an innovative »private cloud solution« for their SME
customers that previously was available only to major corporations.
The company confirms the forecast published in the 2013 Annual Report and
expects EBITDA of EUR 6.5 - 7.5 million for the current business year 2014,
with revenue of EUR 85 - 95 million.
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 18,000
business customers with an integrated product portfolio consisting of
voice, data and mobile communications solutions. This includes nationwide
available and convergent bundled products, broadband data access on the
basis of DSL and Ethernet technologies, scalable networking of corporate
locations (VPNs) as well as housing and hosting services.
In the second segment, »Wholesale Solutions«, the ecotel group markets
preliminary service products to other telecommunications companies. At the
same time, the company achieves high traffic volumes in this segment,
enhancing added value for the core segment of Business Solutions. In
addition to the international wholesale voice activities of ecotel, mvneco
GmbH is also included in this segment.
The »New Business« segment covers new, fast-growing business segments and
niches by means of independently operating subsidiaries. In addition to
easybell GmbH, which is aligned to private customer business, nacamar GmbH,
which now focuses exclusively on new media activities, is part of this
independent business unit.
The corporate group, with its main office in Düsseldorf, currently has
about 200 employees, including subsidiaries and holdings.
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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15.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group 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
Germany
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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