EQS-News

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

EQS-News: ecotel communication ag / Key word(s): Annual Report ecotel communication ag: Growth in all segments – B2B business pick-ing up considerably 14.03.2024 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement.

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• Revenues: € 106.3 million (+14%)
• Gross profit: € 32.1 million (+6%)
• Operating EBITDA: € 9.0 million (+2%)
• Adjusted EPS: € 0.94 (previous year: € 1.39)
• Dividend proposal: 50% of adjusted EPS (€ 0.47 per share)
• Two major orders secured with TCV of > € 20 million
• Double-digit annual growth in B2B business forecast from 2024 to 2026

Düsseldorf, 14 March 2024
The 2023 financial year was overall very positive for ecotel, with the company achieving its forecasts and even exceeding them in some cases. The focus on the core segments that was announced in 2022 continued successfully with the contribution of the nacamar segment to the joint venture UPLINK Digital GmbH as of 4 April 2023.

All in all, revenues increased to € 106.3 million (+14%), the gross profit rose to € 32.1 million (+6%) and operating EBITDA increased to € 9.0 million (+2%).

Consolidated net profit amounted to € 7.4 million (previous year: € 67.5 million). This translates into adjusted EPS of € 0.94 per share (previous year: € 1.39 per share).

The dividend payment of € 66.1 million resolved by the Annual General Meeting in the 2023 financial year reduced net financial assets to € 3.7 million (previous year: € 66.9 million) and the equity ratio to around 50% (previous year: around 75%). The Group continues to be fully internally financed and has no external debt.

ecotel Business Customers:
The focus on »Cloud« and »Fiber« is having the desired effect. Having declined for several years due to transformation-related factors, revenues in the ecotel Business Customers segment increased to € 46.2 million in the 2023 financial year (previous year: € 45.6 million). The investments in the »Cloud« and »Fiber« growth markets that were planned and realised in 2023 resulted in considerable marketing success and initial sales growth in the second half of the year in particular, with both product segments seeing a year-on-year increase in the number of orders.