ECOTEL COMMUNICATION AG (FRA:E4C) ecotel communication ag: preliminary figures exceeded 2020 EBITDA guidance

Directive transparence : information réglementée

10/02/2021 18:38

DGAP-Ad-hoc: ecotel communication ag / Key word(s): Forecast/Change in Forecast
ecotel communication ag: preliminary figures exceeded 2020 EBITDA guidance

10-Feb-2021 / 18:38 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Duesseldorf, February 10th, 2021
According to the today presented preliminary figures for the 2020 financial year, ecotel Group will report EBITDA - earnings before depreciation, amortization, financial results and taxes - of around EUR 11.7 million, exceeding the previous guidance by around EUR 1.2 million. In connection with the reporting for the third quarter of 2020, the Management Board recently assumed an EBITDA for the 2020 financial year at the upper end of the forecast corridor of EUR 8.5 to 10.5 million.
The main driver for this positive development was the sustained successful business growth in the last two months of 2020.

Ecotel will publish the final figures for 2020 in the form of audited consolidated and statutory financial statements on March 11th, 2021.

About ecotel communication ag:

The ecotel Group (hereinafter »ecotel«) has been operating nationwide in Germany since 1998 and specialises in the marketing of IT and telecommunications solutions in different segments. The parent company is ecotel communication ag with headquarters in Düsseldorf. Including its subsidiaries and holdings, ecotel has a total of about 300 employees. Currently ecotel serves more than 50,000 customers nationwide, providing 50,000 data connections and more than 300,000 voice channels.

PR office:                                                                  
Business and Financial Media                                             Trade Media
Annette Drescher (Assistant to the Managing Director)          Bernadette Loosen-Flanz (PR)
Phone: 0211-55 007-740                                                        Tel.: 0211-55 007-316
Fax: 0211-55 007 5 740                                                          Fax: 0211-55 007 5 316
E-mail: presse@ecotel.de                                                      E-mail: presse@ecotel.de

For further information please visit us on the web at www.ecotel.de

10-Feb-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: ecotel communication ag
Prinzenallee 11
40549 Düsseldorf
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: 1167549

End of Announcement DGAP News Service

1167549  10-Feb-2021 CET/CEST