on Ecotel Communication Ag (isin : DE0005854343)
Ecotel Reports Steady Growth in Q3 2024
Ecotel Communication AG announced consistent growth in the third quarter of 2024, with total turnover rising to 28.8 million EUR from 26.6 million EUR last year. This increase is attributed to gains in both the business customer and wholesale segments, with sales reaching 11.8 million EUR and 17.0 million EUR, respectively.
The company reported an operating EBITDA of 1.9 million EUR, a slight rise from the previous year's 1.7 million EUR. Despite an improvement in sales and stable gross profits of 8.1 million EUR, the net profit dipped to -0.1 million EUR, impacted by strategic investments and one-off expenses linked to a stock option plan.
Ecotel continues to invest in expanding its cloud and fiber platforms, keeping financial liabilities manageable at 1.2 million EUR. The management remains optimistic, upholding their forecast for the year's financial outcomes.
R. E.
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