ecotel half-year figures: revenue growth in both segments - Seite 2

The negative free cash flow (EUR-1.8 million) in the first half of the year is due to investments in the expansion of the cloud and fiber product platforms and upfront investments for major projects currently being implemented. As a result, net financial assets decreased to EUR 1.3 million.

The Management Board continues to stand by its forecast for the financial year 2024, which is included in the forecast report in the annual report 2023.
 

(in EUR m)	2023 1st HJ	2024 1st HJ	Forecast 2024
Group sales	51.6	56.8	108 – 112
of which ecotel business customers	22.7	23.2	48 – 52
of which ecotel Wholesale	28.9	33.6	50 – 60
Gross profit	16.2	16.0	33 – 35
of which ecotel business customers	15.3	15.1	31 – 33
of which ecotel Wholesale	0.9	0.9	2 – 3
Operating EBITDA	5.3	3.5	9 – 10
of which ecotel business customers	4.8	3.0	8 – 9
of which ecotel Wholesale	0.5	0.5	~ 1
Consolidated net income	6.7	0.7	> 2