Ecotel Communication AG Soars: Significant Growth in All Segments, B2B Business Skyrockets

• ecotel communication ag reported growth in all segments for the 2023 financial year, with revenues increasing to €106.3 million (+14%), gross profit rising to €32.1 million (+6%), and operating EBITDA increasing to €9.0 million (+2%).
• The company secured two major orders with a total contract value (TCV) of over €20 million.
• ecotel's B2B business is expected to see double-digit annual growth from 2024 to 2026.
• The company's focus on "Cloud" and "Fiber" led to an increase in revenues in the ecotel Business Customers segment to €46.2 million in 2023.
• The company's net financial assets reduced to €3.7 million due to a dividend payment of €66.1 million resolved by the Annual General Meeting in the 2023 financial year.
• The company's forecast for 2024 includes group revenues of €108 - €112 million, gross profit of €33 - €35 million, and operating EBITDA of €9 - €10 million.

The next important date, Publication Annual Financial Report, at ecotel communication is on 14.03.2024.

The price of ecotel communication at the time of the news was 16,325EUR and was down -0,91 % compared with the previous day.

ecotel communication

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ISIN:DE0005854343WKN:585434

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