ecotel communication ag: preliminary financial results confirm 2007 guidance
In the financial year 2007 ecotel communication ag has generated revenues of € 92.6 million Euro, a growth of 64 percent compared with the previous year revenues of € 56.3 million.
Earnings before interest, tax and depreciation (EBITDA) increased by 91 percent from € 4.5 million in 2006 to € 8.6 million in 2007. This corresponds to an improvement of the EBITDA margin from 8.0 percent to 9.3 percent. Earnings before interest and tax (EBIT) for 2007 were € 6.0 million, an improvement of 58 percent compared to € 3,8 million in 2006. The EBIT margin declined slightly from 6.7% to 6.5%.
In the fourth quarter of 2007 ecotel has generated preliminary revenues of € 24.9 million, EBITDA of € 2.2 million and an EBIT of € 1.4 million.
Earnings per share for 2007 adjusted for deferred taxes grew to € 1.15.
The guidance for 2008 will be communicated at the end of March in line with the publication of the financial report 2007.
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.