Ecotel Half-Year Figures: Revenue Growth in Both Segments

ecotel communication ag has announced its half-year figures for 2024, reporting a total sales increase to EUR 56.8 million from EUR 51.6 million the previous year. The company saw growth in both its Business Customers segment and Wholesale segment, with sales rising to EUR 23.2 million and EUR 33.6 million, respectively.

The gross profit for the first half of 2024 amounted to EUR 16.0 million, slightly down from EUR 16.2 million in the previous year. Operating EBITDA also saw a reduction, standing at EUR 3.5 million compared to EUR 5.3 million in 2023. This decrease is partly attributed to last year's inclusion of EUR 1.4 million from the transfer of internet resources.

Consolidated net profit was EUR 0.7 million, down from EUR 6.7 million in the previous year, impacted by deconsolidation and one-off incomes in 2023. The company experienced a negative free cash flow of EUR -1.8 million due to investments in cloud and fiber product platforms and major projects. Consequently, net financial assets decreased to EUR 1.3 million.

New supervisory and management board members were also announced. Jens Müller joined the Supervisory Board, replacing Brigitte Holzer. André Borusiak was appointed Chief Sales Officer, and Christian van den Boom was named Chief Financial Officer.