Press release BoxID: 127591 (Ecotel Communication AG)
  • Ecotel Communication AG
  • Prinzenallee 11
  • 40549 Düsseldorf
  • Contact person
  • Annette Drescher
  • +49 (211) 55007-740

Profits lower than expected – Adjustment of profit planning

Ad-hoc-Message according to § 15 WpHG as of 21/09/2007

(PresseBox) (Düsseldorf, ) The expected earnings before interest and tax (EBIT) for 2007 will be significantly lower than previously published. ecotel communication ag anticipates an EBIT of approx. 6 million Euro for the fiscal year 2007. Up to now the company expected to generate an EBIT of approx. 10 million Euro. Revenues for 2007 are estimated to reach up to 90 million Euro. The main reason for the marked decline is that the financial figures of nacamar GmbH for 2006, on which the financial planning for 2007 was based, have to be corrected significantly, as turned out during the further integration of nacamar into ecotel group. Based on these figures the EBIT for the first half 2007 was overstated by estimated 0.8 million Euro. This results in a significant reduction of the expected EBIT of nacamar for the second half of 2007, as well. As a consequence nacamar GmbH will remove its CFO. ecotel also examines potential damage claims against the seller of nacamar GmbH. ecotel intends to deal with this development by a raft of measures. As regards nacamar GmbH, it is planned to implement a restructuring plan which is closely monitored by ecotel. ecotel is confident to reverse the weakened results from 2008 onwards and to continue its profitable growth.

Ecotel Communication AG

As a telecommunications company that operates throughout Germany, ecotel communication ag specialises in the requirements of small and medium-sized enterprises. In its core “Business Customer Solutions” division, ecotel offers innovative voice, data and value added services including direct connections as a full, low-cost package from a single source. Since acquiring Tiscali Nacamar GmbH in March 2007 (now operating under nacamar GmbH), ecotel also has professional data services such as secure networking of corporate locations (VPN) in its portfolio and operates its own German backbone network including a data centre in Frankfurt. The Company now provides more than 45.000 business customers from all sectors throughout Germany with standardised and individual telecommunications solutions.

In its second division "Resale" the company provides telecoms carrier services to other telecoms operators and non-industry distributors as well as wholesale services. In addition, ecotel operates a state-of-the-art Wholesale platform for the inter company trade of telephony minutes with over 90 national and international carriers and broadens its value chain for the core business “business customers”.

ecotel was founded in 1998 and is headquartered in Düsseldorf. At present, the group has over 230 employees. It is among the fastest growing technology companies and was ranked 8th and 38th in 2005 and 2006 in the Deloitte “Technology Fast 50” competition.