ECOTEL COMMUNICATION AG (FRA:E4C) ecotel communication ag: ecotel starts year 2014 successfully

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15/05/2014 07:55
DGAP-News: ecotel communication ag / Key word(s): Quarter Results ecotel communication ag: ecotel starts year 2014 successfully 15.05.2014 / 07:55 --------------------------------------------------------------------- - Revenue of EUR 26.2 million, EBITDA of EUR 1.7 million - Increased revenue in all three business units - Forecast for 2014 confirmed after positive start Düsseldorf, 15 May 2014 ecotel started the year 2014 successfully and was able to demonstrate a positive development in all three business units. Consolidated turnover for example increased from EUR 21.5 million to EUR 26.2 million in the comparison period and gross profit increased from EUR 6.5 million to EUR 6.6 million. EBITDA, at EUR 1.7 million, was at the same level as the same period last year. Due to high write-downs EBIT decreased slightly to EUR 0.7 million (previous year: EUR 0.9 million). Consolidated profit after third-party shares totalled EUR 0.3 million (previous year: EUR 0.5 million). This corresponds to earnings per share of EUR 0.07 (previous year: EUR 0.13). The net debt of EUR 1.4 million remained at the same level as the previous quarter. The equity ratio remained nearly unchanged at 45% in the reporting period. In addition to the positive development in ecotel's high-margin core business (B2B solutions for business customers), easybell was also able to continue the positive business development of the previous year. As an important milestone the company is able to report that the router roll-out for the secure connection of about 10,000 Allianz agencies for digitalisation and optimisation of the information transfer between agencies and the main office was successfully completed at the end of first quarter 2014. With this step the foundation is now laid for targeted marketing and follow-up measures to convince as many agencies as possible to reorient toward ecotel. The company was also able to achieve initial success in the area of NGN (Next Generation Network) products, which will be at the focus of future developments. As an exhibit partner of Unify at CeBIT, ecotel presented the new PBX hosting concept, which received much positive feedback. This gives Unify partners an innovative »private cloud solution« for their SME customers that previously was available only to major corporations. The company confirms the forecast published in the 2013 Annual Report and expects EBITDA of EUR 6.5 - 7.5 million for the current business year 2014, with revenue of EUR 85 - 95 million. The quarterly report is available for download at the company's website www.ecotel.de. About ecotel communication ag: Listed in the Prime Standard segment of the Frankfurt Stock Exchange, ecotel communication ag is a telecommunications company with activities in three business sectors throughout Germany. In the core segment of »Business Solutions« ecotel provides about 18,000 business customers with an integrated product portfolio consisting of voice, data and mobile communications solutions. This includes nationwide available and convergent bundled products, broadband data access on the basis of DSL and Ethernet technologies, scalable networking of corporate locations (VPNs) as well as housing and hosting services. In the second segment, »Wholesale Solutions«, the ecotel group markets preliminary service products to other telecommunications companies. At the same time, the company achieves high traffic volumes in this segment, enhancing added value for the core segment of Business Solutions. In addition to the international wholesale voice activities of ecotel, mvneco GmbH is also included in this segment. The »New Business« segment covers new, fast-growing business segments and niches by means of independently operating subsidiaries. In addition to easybell GmbH, which is aligned to private customer business, nacamar GmbH, which now focuses exclusively on new media activities, is part of this independent business unit. The corporate group, with its main office in Düsseldorf, currently has about 200 employees, including subsidiaries and holdings. Note: This publication is not an offer for the sale nor an invitation for the purchase or subscription of securities. This publication is not a securities brochure. This publication and the information contained therein are not intended for direct or indirect dissemination to or within the United States of America, Canada, Australia or Japan. PR office: Business and Financial Media Annette Drescher (Assistant to the Managing Director) Phone: 0211-55 007-740 Fax: 0211-55 007 5 740 E-mail: presse@ecotel.de Business media Bernadette Loosen-Flanz (PR) Phone: 0211-55 007-316 Fax: 0211-55 007 5 316 E-mail: presse@ecotel.de For more information, please visit us on the web at www.ecotel.de End of Corporate News --------------------------------------------------------------------- 15.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. 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 News DGAP News-Service --------------------------------------------------------------------- 268422 15.05.2014