EQS-News

ecotel communication ag: Growth in all segments – B2B business pick-ing up considerably - Seite 2

Segment operating EBITDA amounted to € 7.8 million (previous year: € 8.3 million). This downturn was due to the investments in the growth strategy that were announced at the start of 2023 and successfully implemented.

Operating EBITDA was calculated by adjusting reported EBITDA for extraordinary income from the transfer of rights-of-use assets for online resources in the amount of € 3.9 million (previous year: € 14.9 million), expenses for non-cash measurement effects of € 0.1 million and non-recurring expenses for reorganisation measures of € 0.4 million. Accordingly, reported EBITDA amounted to € 11.2 million (previous year: € 22.8 million).

In December 2023, ecotel won a tender to secure the biggest individual order in the company’s history ahead of more than ten high-profile competitors. Following successful negotiations in the second half of 2023, another high-volume major order was acquired in late January 2024. These two orders, which have a combined TCV (total contract value) in excess of € 20 million, will be successively implemented in 2024. The rising recurring sales from the orders will initially be offset by initial expenditure for investments in hardware and licences, transformation and service provision. Following the ramp-up in 2024, these two orders will be fully reflected in sales and earnings from 2025 and will generate double-digit sales growth in subsequent years as well in conjunction with the planned sales performance.

ecotel Wholesale:
Revenues in the ecotel Wholesale segment increased significantly by € 13.6 million to € 60.1 million in the 2023 financial year. This development was mainly due to two factors. Firstly, sales with the former easybell segment are no longer eliminated on an intragroup basis following its disposal in 2022, but instead are reported as sales in the ecotel Wholesale segment (effect: € +6.4 million). Furthermore, cross-network trading in telephone minutes (Wholesale) increased in the 2023 financial year (effect: € +6.1 million), while the marketing of data lines for national and international carriers was successfully expanded (effect: € +0.8 million).