DGAP-News: ecotel communication ag
/ Key word(s): Quarterly / Interim Statement
ecotel presents strong Q1 figures and refines forecast for 2021
The ecotel Group started off the year 2021 with huge success. The »ecotel Business Solutions« and »easybell« segments achieved sustainable revenue growth in combination with an increase in gross profit. As there was no significant change in the cost basis, the Group can report EBITDA of € 3.9 million (prev. year: € 2.5 million) for the first quarter 2021. Since depreciations remained at the previous year's level, EBIT increased by € 1.4 million to € 2.0 million. As a result, the Group achieved a surplus of € 0.9 million (prev. year: € 0.1 million) with EPS of € 0.25 (prev. year: € 0.02) in the first quarter.
Significant segment developments
ecotel Business Solutions: Revenue, gross profit margin and EBITDA achieve sustainable growth
In the first three months of 2021, revenue increased to € 11.9 million (prev. year: € 11.5 million). After completion of the transformation process of the past years the growth potentials for the core segment »ecotel Business Solutions« are becoming more apparent.
In addition to revenue growth, the development of the gross profit margin is especially noteworthy. The latter increased significantly to 55.8 % (prev. year: 50.7 %). Gross profit for the segment therefore increased to € 6.7 million (prev. year: € 5.8 million).
Operating expenses, in particular personnel and other operating expenses, remained virtually stable in the quarterly comparison, so that the increase in the gross profit simultaneously led to a significant increase in EBITDA to € 1.8 million (prev. year: € 1.1 million). This corresponds to an increase of about 60 % compared to the first quarter of the previous year.
The development of the quarterly figures in the »ecotel Business Solutions« segment shows that the transformation to a network operator was successful. With a clear focus on expansion of the local exchange network (LEN) platform and the network infrastructure, and after migrating virtually all of the customers to the new products and solutions, the focus is now on consistent expansion of the portfolio to further enhance the value chain. It was possible, for example, to offer new integrated solutions for networked home office scenarios, to introduce bundled ecotel All-IP voice and Microsoft Teams products, and to implement a multi-cloud connect service for initial customers that enables connection of ecotel data access to the major cloud providers such as Azure, AWS or Google.
easybell: Revenue, gross profit and EBITDA continue sustainable growth
Refined forecast: EBITDA is expected to be at the upper end of the corridor between € 12 and 14 million
The forecast must be considered against the backdrop of the Covid-19 pandemic. Even if the business development has not been significantly affected by the consequences of the Covid-19 pandemic so far, the overall economic effects for the year 2021 cannot be reliably assessed. The forecasts above take into account the opportunities and risks of future development as best as possible.
About ecotel communication ag:
The ecotel Group (hereinafter »ecotel«), operating throughout Germany since 1998, specializes in the marketing of IT and telecommunications solutions in various 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 360,000 voice channels.
For more information please visit us at www.ecotel.de
11.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||ecotel communication ag|
|Phone:||+49 (0)211 55 00 70|
|Fax:||+49 (0)211 55 00 7 222|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1194722|
|End of News||DGAP News Service|