EQS-News

ecotel communication ag: Growth in all segments – B2B business pick-ing up considerably - Seite 3

As a result of this sales growth, the gross profit rose by € 0.7 million to € 1.9 million. Because operating expenses remained essentially unchanged year-on-year, the substantial upturn in gross profit was reflected directly in operating EBITDA, which increased by € 0.6 million to € 1.2 million.

In line with the long-term capital market strategy, the Management Board and Supervisory Board together intend to propose a dividend of at least 50% of adjusted EPS to the Annual General Meeting.

Forecast:
In light of the extremely good market opportunities and the successful positioning of the product range, the Management Board believes that annual sales growth in the Business Customers segment could amount to 10% or more following the successful implementation of the major projects and the further increase in incoming orders.

In detail, the Management Board’s expectations for 2024 and beyond are as follows:
 

(in € million)	2022*	2023	Forecast for 2024
Group revenues	92.1	106.3	108 – 112
thereof ecotel Business Customers	45.6	46.2	48 – 52
thereof ecotel Wholesale	46.5	60.1	50 – 60
Gross profit	30.3	32.1	33 – 35
thereof ecotel Business Customers	29.1	30.2	31 – 33
thereof ecotel Wholesale	1.2	1.9	2 – 3
Operating EBITDA	8.8	9.0	9 – 10
thereof ecotel Business Customers	8.3	7.8	8 – 9
thereof ecotel Wholesale	0.5	1.2	~ 1
Consolidated net profit	67.5	7.4	> 2
Adjusted earnings per share (in €)	1.39	0.94
Free cash flow	72.5	4.0
Net financial assets	66.9	3.7
Equity ratio (in %)	75%	50%