ECOTEL COMMUNICATION AG (FRA:E4C) ecotel communication ag: ecotel communication ag publishes preliminary figures for 2012

Directive transparence : information réglementée

28/02/2013 08:44
ecotel communication ag / Key word(s): Preliminary Results 28.02.2013 08:44 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- - Preliminary sales trend exceeds forecast Revenue in 2012: EUR 94.3 million (previous year: EUR 84.5 million) - Preliminary EBITDA development at the upper end of the forecast corridor EBITDA 2012: EUR 6.8 million (previous year: EUR 7.1 million) - Net debt completely reduced to EUR -0.3 million (previous year: EUR 3.0 million) - One-time extraordinary depreciations of EUR 4.0 million burden earnings - Buy-back of shares totalling EUR 1.0 million resolved According to preliminary IFRS figures, ecotel communication ag attained group revenue in business year 2012 of EUR 94.3 million (previous year: EUR 84.5 million) and EBITDA of EUR 6.8 million (previous year: EUR 7.1 million). With this development the company exceeds the sales forecast of the Managing Board by about five percent. EBITDA, at EUR 6.8 million, is at the upper end of the forecast corridor. In addition, the net debt was completely eliminated. As of 31 December 2012 the company had net assets of EUR 0.3 million. Group EBIT, as a result of extraordinary depreciations, totalled EUR 0.4 million as of the balance sheet date. The one-time value adjustments are the result of a goodwill depreciation of EUR 2.9 million to the 100% subsidiary nacamar GmbH. The goodwill originated in connection with the acquisition of the company in the year 2007 and the value adjustment is now complete due to delays of business goal attainments within the framework of conservative balance sheet figures. EBIT, adjusted by one-time depreciations, totalled EUR 3.3 million in business year 2012 (previous year: EUR 3.1 million). Also, in the financial results, the shareholders' loans to the 49% subsidiaries mvneco GmbH and synergyPLUS GmbH of EUR 1.1 million had to be partially adjusted. The net book value of these loans is presently EUR 1.4 million. Consolidated profit for 2012 is therefore EUR -2.6 million. This corresponds to earnings per share of EUR -0.7. Consolidated profit adjusted by special effects would have totalled EUR 1.2 million, with adjusted earnings per share of EUR 0.33. These one-time effects have no influence on the company's business developments, neither in the past year nor in future business years. This is also reflected in the development of the cash flow. In the past business year ecotel communication ag again attained a positive free cash flow of EUR 4.0 million (previous year: EUR 4.5 million). Since payment of dividends is not possible for the year 2012 due to the net loss resulting from depreciation of the loans, the Managing Board and Supervisory Board resolved on 27 February 2013 to continue the share buy-back program which was already started last year. Currently the company has 214,904 treasury shares (this corresponds to 5.51% of the share capital). The share buy-back program provides for the repurchase of up to 175,096 treasury shares (corresponding to 4.5 percent of the share capital) between 28 February 2013 and 31 July 2013. The shares will be repurchased through the stock exchange. Based on the final prices of the shares in the XETRA system on the last three trading dates prior to the decision, this corresponds to a buy-back volume of up to EUR 1.0 million. Further details of the share buy-back program will be published on the company's website (www.ecotel.de) under Investor Relations. At the same time the Managing Board is planning to consider a dividend distribution for the coming year. The operative development of the ecotel group continues on a positive course, in accordance with planning. The Managing Board of ecotel communication ag adheres to its medium-term forecast, which provides for revenue of EUR 100 million with EBITDA of EUR 10 million for 2015. 28.02.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- 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 Announcement DGAP News-Service ---------------------------------------------------------------------------