ecotel presents strong Q1 figures and refines forecast for 2021
(PresseBox) - .
- Gross profit increases to ? 10.7 million (+ 24 %)
- EBITDA reaches ? 3.9 million (+ 57 %)
- Free cash flow at ? 1.2 million significantly exceeds previous year (+ ? 2.4 million) ? Net financial assets increased to ? 3.1 million (12/31/2020: ? 2.3 million) ? Consolidated surplus increased significantly to ? 0.9 million and EPS to ? 0.25
The ecotel Group started off the year 2021 with huge success. The e depreciations remained at the previous year?s level, EBIT increased by ? 1.4 million to ? 2.0 million. As a result, the Group achieved a surplus of ? 0.9 million (prev. year: ? 0.1 million) with EPS of ? 0.25 (prev. year: ? 0.02) in the first quarter.
Significant segment developments
ecotel Business Solutions: Revenue, gross profit margin and EBITDA achieve sustainable growth
The
In the first three months of 2021, revenue increased to ? 11.9 million (prev. year: ? 11.5 million). After completion of the transformation process of the past years the growth potentials for the core segment
In addition to revenue growth, the development of the gross profit margin is especially noteworthy. The latter increased significantly to 55.8 % (prev. year: 50.7 %). Gross profit for the segment therefore increased to ? 6.7 million (prev. year: ? 5.8 million).
Operating expenses, in particular personnel and other operating expenses, remained virtually stable in the quarterly comparison, so that the increase in the gross profit simultaneously led to a significant increase in EBITDA to ? 1.8 million (prev. year: ? 1.1 million). This corresponds to an increase of about 60 % compared to the first quarter of the previous year.
The development of the quarterly figures in the the focus is now on consistent expansion of the portfolio to further enhance the value chain. It was possible, for example, to offer new integrated solutions for networked home office scenarios, to introduce bundled ecotel All-IP voice and Microsoft Teams products, and to implement a multi-cloud connect service for initial customers that enables connection of ecotel data access to the major cloud providers such as Azure, AWS or Google.
easybell: Revenue, gross profit and EBITDA continue sustainable growth
The ficantly to ? 6.2 million (prev. year: ? 5.0 million). The high scalability of the business model, in combination with primarily in-house development of the product platform, as well as streamlined and automated processes, provides for an increase in gross profit to ? 3.4 million (prev. year: ? 2.3
Refined forecast: EBITDA is expected to be at the upper end of the corridor between ? 12 and 14 million
The positive business development of the first quarter has led the Management Board to refine the published forecast for 2021. For 2021 the llion. The Management Board forecasts consolidated EBITDA at the upper end of the corridor between ? 12 and 14 million for financial year 2021. The forecast must be considered against the backdrop of the Covid-19 pandemic. Even if the business development has not been significantly affected by the consequences of the Covid-19 pandemic so far, the overall economic effects for the year 2021 cannot be reliably assessed. The forecasts above take into account the opportunities and risks of future development as best as possible.
Note:
This publication is not an offer for the sale nor an invitation for the purchase or subscription of securities. This publication is not a securities brochure. This publication and the information contained therein are not intended for direct or indirect dissemination to or within the United States of America, Canada, Australia or Japan.
The ecotel Group (hereinafter oyees. Currently ecotel serves more than 50,000 customers nationwide, providing 50,000 data connections and more than 360,000 voice channels.
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
The ecotel Group (hereinafter»ecotel«), operating throughout Germany since 1998, specializes in the marketing of IT and telecommunications solutions in various segments. The parent company is ecotel communication ag with headquarters in Düsseldorf. Including its subsidiaries and holdings, ecotel has a total of about 300 employees. Currently ecotel serves more than 50,000 customers nationwide, providing 50,000 data connections and more than 360,000 voice channels.
Datum: 11.05.2021 - 01:53 Uhr
Sprache: Deutsch
News-ID 1566984
Anzahl Zeichen: 3577
contact information:
Contact person:
Town:
Düsseldorf
Phone:
Kategorie:
Internet
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 184 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"ecotel presents strong Q1 figures and refines forecast for 2021
"
steht unter der journalistisch-redaktionellen Verantwortung von
Ecotel Communication AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
