ecotel communication ag / Final Results
31.03.2010 09:58
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- Slight decrease of revenues
- EBITDA of EUR 4.9 million
- Liquid funds double to EUR 7.1 million
- Creates new business proposition for the B2B business
Düsseldorf, March 31, 2010
ecotel communication ag sustained its position in the financial year 2009
despite the global financial and economic crisis. Furthermore, ecotel was
able to set the base for future growth in the B2B segment with its new ISDN
full access product.
ecotel's revenues of EUR 98.7 million in 2009 were slightly below the 2008
figures (EUR 105.5 million). The reduction is mainly due to the decrease of
the B2B preselection revenues. EBITDA in 2009 was EUR 4.9 million and also
stayed below previous year figures (2008: EUR 6.0 million).
In 2009 ecotel booked extraordinary depreciation of EUR 3.2 million for its
subsidiaries due to lower growth prospects. Therefore EBIT was EUR -2.2
million after EUR -3.7 million in 2008. The adjusted EBIT excluding
one-time-depreciation would have been EUR 1.0 million. The equity ratio
decreased from 41 % to 37 %.
The company was able to double its liquid funds and its cash position from
EUR 3.5 to EUR 7.1 million. ecotel also reduced its net debt from EUR 11.7
million to EUR 7.4 million at the end of 2009. The proceeds of the
operating cash flow of EUR 6.1 million were used for further infrastructure
investments and to retire some debt.
The possibility to sell full access product bundles based on the
infrastructure of alternative carriers (e.g. Vodafone, Versatel) has
created a new B2B business proposition for ecotel. The combination of these
new full access products and mobile products, which are being developed by
means of the KfW innovation loan of mid 2009, enables ecotel to offer
complimentary communication bundles between company sites and mobile
employees.
For 2010 ecotel expects revenues of EUR 80 - 90 million, which is on par
with 2008 figures adjusted for the deconsolidated PPRO. EBITDA is expected
to reach EUR 4 - 4.5 million and to stay below previous year level.
For 2011 ecotel anticipates a successful migration to full access products
and rising revenues from convergence products. Therefore the board expects
revenues of EUR 90 - 95 million and EBITDA of EUR 5.5 - 6.5 million.
The 2009 financial report can be downloaded from the company's website at
www.ecotel.de.
About ecotel communication ag:
ecotel communication ag is a publicly listed telecommunications company
which operates in Germany and focuses on three business divisions.
In its core division 'Business Customers' the company offers an integrated
product portfolio of voice, data and mobile services to appr. 30.000
business customers within Germany. This business segment comprises the B2B
activities of ecotel, all of ADTG GmbH as well the B2B activities of
nacamar GmbH, which has been merged into ecotel in 2009.
In its second division 'Wholesale Customers' the company provides carrier
and wholesale services to other telecoms operators and to non-industry
distributors. ecotel deploys state of the art enabling and switching
platforms in order to provide its product portfolio (unbundled local loops,
broadband access lines, mobile services) to other resellers. At the same
time the company achieves economics of scale and broadens its value chain
for its own core business 'business customers'. This business segment
comprises the wholesale activities of ecotel as well as all of i-cube GmbH
and mvneco GmbH.
The division 'New Business' contains ecotel's fast growing subsidiaries and
new ventures. Apart from easybell GmbH, this division also comprises the
New Media business of nacamar GmbH.
ecotel is headquartered in Düsseldorf and has at present appr. 190
employees.
Please note:
This publication does not constitute an offer for the sale of shares in the
company or a solicitation of an offer for the purchase of shares in the
company. Furthermore this publication shall not constitute a securities
prospectus. This document must not be distributed outside of Germany, in
particular not in the United States of America, Canada, Australia or Japan.
Press contact:
ecotel communication ag
Wirtschafts- und Finanzmedien
Annette Drescher (Assistentin des Vorstandes)
Tel.: 0211-55 007-740
Fax: 0211-55 007 5 740
Email: presse@ecotel.de
Fachmedien
Bernadette Loosen-Flanz (PR)
Tel.: 0211-55 007-316
Fax: 0211-55 007 5 316
Email: presse@ecotel.de
Further information: www.ecotel.de
31.03.2010 09:58 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: ecotel communication ag
Prinzenallee 11
40549 Düsseldorf
Deutschland
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, München, Düsseldorf, Stuttgart
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DGAP-News: ecotel communication ag: ecotel communication ag presents its financial results 2009
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