Ecotel Communication Kicks Off 2024 with Robust Financial Start

• ecotel communication ag reports strong start to 2024 financial year with total sales of EUR 28.1 million and gross profit of EUR 8.1 million
• The B2B segment records slight growth with sales increasing to EUR 11.5 million, up from EUR 11.4 million the previous year
• Major new projects have begun roll-out and are expected to lead to stronger sales growth in the ecotel Business Customers segment from the second quarter onwards
• Sales in the ecotel Wholesale segment declined to EUR 16.6 million, however, gross profit rose by EUR 0.1 million to EUR 0.5 million due to the increased share of high-margin wholesale data services
• Operating EBITDA amounted to EUR 1.8 million in the first quarter, down from EUR 3.4 million the previous year due to initial investments for the implementation of major new projects
• The company generated a net profit of EUR 0.3 million in the first quarter, down from EUR 4.5 million the previous year, with earnings per share of EUR 0.08.

The next important date, Publication of quarterly financial report (as of Q1), at ecotel communication is on 08.05.2024.

The price of ecotel communication at the time of the news was 14,850EUR and was up +0,68 % compared with the previous day.
53 minutes after the article was published, the price was 14,400EUR this corresponds to a minus of -3,03 % since publication.

ecotel communication

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ISIN:DE0005854343WKN:585434

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