DGAP-News: ecotel communication ag / Key word(s): Quarter Results
ecotel communication ag: ecotel continues profitable growth course in
B2B segment
15.11.2013 / 07:25
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- Increased revenue of 3% in B2B segment compared with same quarter last
year
- EBITDA at previous year's level after nine months
- Earnings Per Share numbers EUR 0.33 for the first nine months
Düsseldorf, 15 November 2013
In the third quarter 2013 ecotel continued on its profitable growth course
in the core segment of Business Solutions. Revenue in the B2B segment, at
EUR 10.5 million, was increased by 3% in comparison with the previous year.
In a comparison of the first nine months, revenue, at EUR 31.4 million, was
EUR 1.0 million higher than in the previous year. The B2B gross profit, at
EUR 5.1 million, likewise again increased in the reporting period by 8% in
comparison with the same quarter of the previous year. In a comparison of
the first nine months this corresponds to an increase by 10% to EUR 15.4
million.
Total revenue for the first nine months totalled EUR 66.2 million, which is
7% below the same period last year due to the expected decrease in revenue
from Wholesale Solutions. The gross profit for the first nine months on the
other hand increased by 5% from EUR 18.5 million to EUR 19.5 million.
Compared with the same period of the previous year the gross profit margin
in the first nine months likewise increased from 26% to 29Â %.
EBITDA for the first nine months totalled EUR 4.9 million (previous year:
EUR 5.0 million), with an EBITDA margin of 7%. The slight decline in EBITDA
despite the improved gross profit is due to temporary implementation costs
for a key account project, which led to an increase in other operating
expenses (EUR 0.7 million) and in personnel costs (EUR 0.3 million) in the
reporting period. Starting with the fourth quarter of this year the company
expects the first revenue and profit effects from this key account project
in Business Solutions.
EBIT in the first nine months, at EUR 2.4 million, was consequently
slightly below the previous year's value (EUR 2.6 million). Consolidated
profit for the first nine months totalled EUR 1.2 million (previous year:
EUR 1.4 million), which corresponds to earnings per share of EUR 0.33.
The net debt increased from EUR 2.3 million in the previous quarter to EUR
2.8 million at the end of the third quarter due to planned investments as
part of the aforementioned key-account project. The equity ratio improved
to 47Â %.
ecotel reaffirms the forecast for 2013 with EBITDA of EUR 6.0 - 7.0 million
and revenue of EUR 80.0 - 90.0 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 IT/telecom 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 xDSL 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 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.
Founded in 1998, the corporate group, with its main office in Düsseldorf,
currently has about 230 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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15.11.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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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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240052 15.11.2013
DGAP-News: ecotel communication ag: ecotel continues profitable growth course in B2B segment
| Source: EQS Group AG