ecotel communication ag
ISIN: DE0005854343
WKN: 585434
06 November 2024 08:00AM

EQS-News: ecotel Q3: Sales and operating EBITDA continue to grow as planned

ecotel communication ag · ISIN: DE0005854343 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 2022931

EQS-News: ecotel communication ag / Key word(s): Quarterly / Interim Statement/9 Month figures
ecotel Q3: Sales and operating EBITDA continue to grow as planned

06.11.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


  • Total turnover: 28.8 million EUR (previous year: 26.6 million EUR)
  • Sales in the business customer segment: 11.8 million EUR (previous year: 11.6 million EUR)
  • Wholesale segment sales: 17.0 million EUR (previous year: 15.0 million EUR)
  • Operating EBITDA: 1.9 million EUR (previous year: 1.7 million EUR)

Düsseldorf, November 6th, 2024

In the first nine months of 2024, the Group was able to increase its sales as planned to 85.6 million EUR (previous year 78.2 million EUR) and achieved a stable gross profit of 24.1 million EUR (previous year 24.1 million EUR). Operating EBITDA – burdened as planned by the start-up costs of major projects – reached 5.4 million EUR (7.0 million EUR in the previous year).

The third quarter 2024 was successful and in line with expectations. Sales increased by 2.2 million EUR to 28.8 million EUR. In the ecotel business customers segment, sales increased by 0.2 million EUR to 11.8 million EUR compared to the previous year, supported by initial sales from the major projects currently being implemented. The ecotel Wholesale segment recorded an increase in sales by EUR 2.0 million to EUR 17.0 million. Gross profit also improved slightly by 0.2 million EUR to 8.1 million EUR.

Operating EBITDA increased by 0.2 million EUR to 1.9 million EUR in the third quarter compared to the same quarter of the previous year. This increase consisted of 0.1 million EUR in the ecotel business customers segment (1.5 million EUR) and 0.1 million EUR in the ecotel wholesale segment (0.4 million EUR). While gross profit remained stable overall, income from the purchase of advance services amounting to EUR 0.5 million and additional expenses for a license agreement (EUR 0.2 million) for data center components were largely responsible for this development.

In the third quarter, one-off expenses from the stock option plan of 2020 in the amount of EUR 0.7 million as well as reorganization and restructuring expenses in the amount of EUR 0.3 million, as described in the annual report 2023 were deducted from operating EBITDA. These targeted investments as well as scheduled depreciation of EUR 1.1 million (previous year: EUR 1.1 million) led to a slight decline in consolidated net profit, which, despite the increase in operating EBITDA in the third quarter of 2024 stood at EUR -0.1 million (previous year: EUR 0.4 million).

While in the financial year 2023, income from the transfer of usage rights to Internet resources was realized in the first half of the year, in the current financial year this income is expected to be achieved in the fourth quarter as planned.

Free cash flow for the first nine months of 2024 amounted to -2.3 million euros, which is due to planned investments in the expansion of the cloud and fiber product platforms as well as upfront investments in the major projects currently being implemented. In addition, one-off expenses in connection with the 2020 stock option plan were taken into account. At the beginning of the third quarter, dividends amounting to EUR 1.6 million (0.47 EUR per share) were distributed. As a result, 2024 financial liabilities amount to EUR 1.2 million as of September 30.

The Management Board confirms the forecast for the financial year 2024 as set out in the forecast of the annual report 2023. Sales in the ecotel Business Customers segment are expected to reach the lower end of the corridor of 48 to 52 million EUR, while sales in the ecotel Wholesale segment are expected to be above the corridor of 50 to 60 million EUR.

 
(in EUR m) 2023 Q 3 2024 Q 3
Group sales 26.6 28.8
of which ecotel business customers 11.6 11.8
of which ecotel Wholesale 15.0 17.0
Gross profit 7.9 8.1
of which ecotel business customers 7.5 7.5
of which ecotel Wholesale 0.5 0.6
Operating EBITDA 1.7 1.9
of which ecotel business customers 1.4 1.5
of which ecotel Wholesale 0.3 0.4
Consolidated net income 0.4 -0.1

(in EUR m) 2023 01-09 2024 01-09 Forecast 2024
Group sales 78.2 85.6 108 – 112
of which ecotel business customers 34.2 35.0 48 – 52
of which ecotel Wholesale 44.0 50.6 50 – 60
Gross profit 24.1 24.1 33 – 35
of which ecotel business customers 22.8 22.6 31 – 33
of which ecotel Wholesale 1.3 1.5 2 – 3
Operating EBITDA 7.0 5.4 9 – 10
of which ecotel business customers 6.2 4.5 8 – 9
of which ecotel Wholesale 0.8 0.9 ~ 1
Consolidated net income 7.1 0.6 > 2


About ecotel communication ag:
The ecotel Group (hereinafter referred to as "ecotel") has been operating nationwide since 1998 and has established itself as one of the leading quality providers for business customers. ecotel serves the two most important growth areas in the German telecommunications market with its focus on "cloud & fiber".
The parent company is ecotel communication ag, based in Düsseldorf. Including its subsidiary, ecotel has around 225 employees. Ecotel currently serves more than 15.000 customers nationwide with a full-service offering of cloud and broadband services.

Note:
This publication constitutes neither an offer to sell nor a solicitation of an offer to buy or subscribe for securities. This publication does not constitute a securities prospectus. This publication and the information contained therein are not intended for direct or indirect distribution in 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 is available on the Internet at www.ecotel.de


 


06.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


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: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 2022931

 
End of News EQS News Service

2022931  06.11.2024 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 98,86 82,75 98,30 95,87 93,33 106,29 111,00
EBITDA1,2 7,44 8,71 11,56 18,12 77,10 12,45 9,80
EBITDA-Margin3 7,53 10,53 11,76 18,90 82,61 11,71 8,83
EBIT1,4 2,15 1,48 4,02 10,63 17,93 7,67 5,10
EBIT-Margin5 2,18 1,79 4,09 11,09 19,21 7,22 4,60
Net Profit (Loss)1 1,39 0,89 2,63 7,27 70,15 7,43 2,70
Net-Margin6 1,41 1,08 2,68 7,58 75,16 6,99 2,43
Cashflow1,7 6,67 9,96 10,26 15,43 28,49 6,10 0,00
Earnings per share8 0,13 -0,05 0,28 1,36 17,51 1,93 0,77
Dividend per share8 0,13 0,00 0,14 2,25 18,82 0,47 0,40
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: RSM Ebner Stolz

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
Ecotel
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
585434 DE0005854343 AG 48,72 Mio € 08.08.2007 Halten 9F386PPM+QC
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
14,73 20,72 0,71 13,95 2,21 7,99 0,46
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
18,82 0,47 0,40 2,89%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
28.06.2024 08.05.2025 07.08.2025 06.11.2024 13.03.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+0,36%
13,85 €
ATH 54,80 €
+2,74% -0,80% -19,71% -18,05% -18,53%

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