COMMUNIQUÉ DE PRESSE

par Ecotel Communication Ag (isin : DE0005854343)

ecotel Q3: Sales and operating EBITDA continue to grow as planned

EQS-News: ecotel communication ag / Key word(s): Quarterly / Interim Statement/9 Month figures
ecotel Q3: Sales and operating EBITDA continue to grow as planned

06.11.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


  • Total turnover: 28.8 million EUR (previous year: 26.6 million EUR)
  • Sales in the business customer segment: 11.8 million EUR (previous year: 11.6 million EUR)
  • Wholesale segment sales: 17.0 million EUR (previous year: 15.0 million EUR)
  • Operating EBITDA: 1.9 million EUR (previous year: 1.7 million EUR)

Düsseldorf, November 6th, 2024

In the first nine months of 2024, the Group was able to increase its sales as planned to 85.6 million EUR (previous year 78.2 million EUR) and achieved a stable gross profit of 24.1 million EUR (previous year 24.1 million EUR). Operating EBITDA – burdened as planned by the start-up costs of major projects – reached 5.4 million EUR (7.0 million EUR in the previous year).

The third quarter 2024 was successful and in line with expectations. Sales increased by 2.2 million EUR to 28.8 million EUR. In the ecotel business customers segment, sales increased by 0.2 million EUR to 11.8 million EUR compared to the previous year, supported by initial sales from the major projects currently being implemented. The ecotel Wholesale segment recorded an increase in sales by EUR 2.0 million to EUR 17.0 million. Gross profit also improved slightly by 0.2 million EUR to 8.1 million EUR.

Operating EBITDA increased by 0.2 million EUR to 1.9 million EUR in the third quarter compared to the same quarter of the previous year. This increase consisted of 0.1 million EUR in the ecotel business customers segment (1.5 million EUR) and 0.1 million EUR in the ecotel wholesale segment (0.4 million EUR). While gross profit remained stable overall, income from the purchase of advance services amounting to EUR 0.5 million and additional expenses for a license agreement (EUR 0.2 million) for data center components were largely responsible for this development.

In the third quarter, one-off expenses from the stock option plan of 2020 in the amount of EUR 0.7 million as well as reorganization and restructuring expenses in the amount of EUR 0.3 million, as described in the annual report 2023 were deducted from operating EBITDA. These targeted investments as well as scheduled depreciation of EUR 1.1 million (previous year: EUR 1.1 million) led to a slight decline in consolidated net profit, which, despite the increase in operating EBITDA in the third quarter of 2024 stood at EUR -0.1 million (previous year: EUR 0.4 million).

While in the financial year 2023, income from the transfer of usage rights to Internet resources was realized in the first half of the year, in the current financial year this income is expected to be achieved in the fourth quarter as planned.

Free cash flow for the first nine months of 2024 amounted to -2.3 million euros, which is due to planned investments in the expansion of the cloud and fiber product platforms as well as upfront investments in the major projects currently being implemented. In addition, one-off expenses in connection with the 2020 stock option plan were taken into account. At the beginning of the third quarter, dividends amounting to EUR 1.6 million (0.47 EUR per share) were distributed. As a result, 2024 financial liabilities amount to EUR 1.2 million as of September 30.

The Management Board confirms the forecast for the financial year 2024 as set out in the forecast of the annual report 2023. Sales in the ecotel Business Customers segment are expected to reach the lower end of the corridor of 48 to 52 million EUR, while sales in the ecotel Wholesale segment are expected to be above the corridor of 50 to 60 million EUR.

 
(in EUR m)2023 Q 32024 Q 3
Group sales26.628.8
of which ecotel business customers11.611.8
of which ecotel Wholesale15.017.0
Gross profit7.98.1
of which ecotel business customers7.57.5
of which ecotel Wholesale0.50.6
Operating EBITDA1.71.9
of which ecotel business customers1.41.5
of which ecotel Wholesale0.30.4
Consolidated net income0.4-0.1

(in EUR m)2023 01-092024 01-09Forecast 2024
Group sales78.285.6108 – 112
of which ecotel business customers34.235.048 – 52
of which ecotel Wholesale44.050.650 – 60
Gross profit24.124.133 – 35
of which ecotel business customers22.822.631 – 33
of which ecotel Wholesale1.31.52 – 3
Operating EBITDA7.05.49 – 10
of which ecotel business customers6.24.58 – 9
of which ecotel Wholesale0.80.9~ 1
Consolidated net income7.10.6> 2


About ecotel communication ag:
The ecotel Group (hereinafter referred to as "ecotel") has been operating nationwide since 1998 and has established itself as one of the leading quality providers for business customers. ecotel serves the two most important growth areas in the German telecommunications market with its focus on "cloud & fiber".
The parent company is ecotel communication ag, based in Düsseldorf. Including its subsidiary, ecotel has around 225 employees. Ecotel currently serves more than 15.000 customers nationwide with a full-service offering of cloud and broadband services.

Note:
This publication constitutes neither an offer to sell nor a solicitation of an offer to buy or subscribe for securities. This publication does not constitute a securities prospectus. This publication and the information contained therein are not intended for direct or indirect distribution in or within the United States of America, Canada Australia or Japan.


Investor Relations

ecotel communication ag
Investor Relations
+49 (0) 211-55 007 740
E-mail: investorrelations@ecotel.de

Further information is available on the Internet at www.ecotel.de


 


06.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


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:Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID:2022931

 
End of NewsEQS News Service

2022931  06.11.2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=2022931&application_name=news&site_id=symex~~~af100301-a623-4c64-8f3d-90fc88eca9e6
Voir toutes les actualités de Ecotel Communication Ag