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ecotel communication ag: ecotel communication ag generates one-time earnings from the transfer of usage rights to internet resources; increase in EBITDA forecast

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ecotel communication ag / Key word(s): Contract/Change in Forecast
ecotel communication ag: ecotel communication ag generates one-time earnings from the transfer of usage rights to internet resources; increase in EBITDA forecast

04-Jun-2022 / 01:08 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Düsseldorf, June 04, 2022

Today, ecotel communication ag signed a contract for the transfer of usage rights to internet resources that are no longer required for the current and future business model of the ecotel group. These rights enable users to access the Internet. This transaction is scheduled to be completed within the next six weeks and is subject to customary closing conditions. After deducting transaction costs and currency effects, the transaction is expected to result in one-off earnings of around EUR 14,7 million.
This one-off effect was not included in the previous forecast for the 2022 financial year, therefore, the Management Board of ecotel communication ag is adjusting the EBITDA forecast for the full year 2022 as follows: For the 2022 financial year, an EBITDA* in a corridor of EUR 34,7 to 36,7 million is expected. Without this one-off effect, the Management Board would have expected EBITDA to remain in the range of EUR 20 to 22 million previously expected. Otherwise, the Management Board confirms the forecast for the 2022 financial year announced in the 2021 Annual Report. The detailed derivation of the original forecast and details on the individual segments can be found in the group management report for the 2021 financial year in the forecast, opportunity and risk section.
*The term EBITDA is defined on page 14 of the ecotel Annual Report 2021.


About ecotel communication ag:
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.

Investor Relations

ecotel communication ag
Investor Relations
+49 (0) 211-55 007 740
E-Mail: investorrelations@ecotel.de          

For more information please visit us at www.ecotel.de

04-Jun-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

ecotel communication ag

Prinzenallee 11

40549 Düsseldorf

Germany

Phone:

+49 (0)211 55 00 70

Fax:

+49 (0)211 55 00 7 222

E-mail:

info@ecotel.de

Internet:

http://www.ecotel.de

ISIN:

DE0005854343

WKN:

585434

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1361369


 

End of Announcement

DGAP News Service

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