EQS-News: ecotel achieves solid growth in the 2024 financial year and looks optimistic to the future

• • Sales grow by 8% to 115.5 million  EUR
  • Operating EBITDA grows by 5% to 9.5 million EUR,
  • consolidated profit of 2.0 million  EUR, earnings per share of 0.57 EUR

Düsseldorf, 13.March 2025
In the 2024 financial year, ecotel has shown growth despite the challenging economic environment. Conditions have resulted in a solid outcome. Group sales increased by 8 % to 115.5 million  EUR. While gross profit increased by 2 % to 33.2 million  EUR, operating EBITDA even increased by 5 % to 9.5 million EUR.

Consolidated net profit amounts to  EUR 2.0 million, resulting in earnings per share (EPS) of 0.57 EUR per share.

Dividend for 2024: 0.29 EUR per share

In line with its sustainable financial strategy, the company  proposes to the Annual General Meeting to pay a dividend of 0.29 EUR per share – which is just above the targeted 50% EPS.

Successful development in the business segments

In the ecotel business customers segment, sales increased by 4% to 48.0 million  EUR, driven  significantly by successes in the growth markets Cloud & Fiber. Operating EBITDA decreased slightly to  EUR 8.0 million, due to targeted investments in the growth strategy and the start-up costs
of customer projects.

In the ecotel wholesale segment, the company achieved a significant increase in sales from 12% or 7.5 million  EUR to 67.6 million  EUR,
in particular through the successful marketing of data lines for national and international carriers.

Outlook for 2025
For the year 2025, ecotel plans a group turnover in the range of EUR 117 to 125 million. The company expects revenue growth in the business customer segment of between EUR 49 and 53 million, as well as revenue growth in the wholesale segment of between  EUR 68 and 72 million. Operating EBITDA is expected to increase significantly to a value of 10 to 11.5 million EUR.


 

(in million€)	Result 2024	Forecast 2025
Total sales	115.5	117 – 125
Business customer revenue	48.0	49-53
Wholesale revenue	67.6	68-72
Operating EBITDA	9.5	10 – 11.5

* Prior-year figures restated.

The Management Board is forecasting considerable increase in sales in the ecotel Business Customers segment in 2025 and 2026 because the investments in marketing and accompanying measures will continue to have a positive impact on incoming orders, while the aforementioned major projects are expected to be fully reflected in sales by this time. Accordingly, the Management Board considers annual growth in the ecotel Business Customers segment of around 10% to be achievable. Operating EBITDA has the potential to increase to up to € 15 million in 2025 and 2026 on the back of the effects described above.

About ecotel communication ag:

The ecotel Group (hereinafter referred to as “ecotel”) has been operating throughout Germany since 1998 and has established itself as one of the leading quality providers for business customers. With its focus on cloud and fibre, ecotel serves two of the most important growth areas of the German telecommunications market.
The Group’s parent company is ecotel communication ag, Düsseldorf. Including its subsidiary, ecotel has around 220 employees. ecotel currently provides a full-service range of cloud and broadband services to more than 15,000 customers throughout Germany.

Note:
This publication is not an offer to sell nor an invitation to submit an offer to buy or subscribe for securities. This publication is not a securities prospectus. This publication and the information contained within are not intended for direct or indirect distribution to or within the United States of America, Canada, Australia or Japan.


Investor Relations

ecotel communication ag
Investor Relations
+49 (0) 211-55 007 740
e-mail: investorrelations@ecotel.de

Further information can be found online at www.ecotel.de