PRESS RELEASE : ecotel communication ag: ecotel presents strong Q1 figures and refines forecast for 2021

DGAP-News: ecotel communication ag / Key word(s): Quarterly / Interim Statement 
ecotel communication ag: ecotel presents strong Q1 figures and refines forecast for 2021 
2021-05-11 / 08:00 
The issuer is solely responsible for the content of this announcement. 
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ecotel presents strong Q1 figures and refines forecast for 2021 
  . Gross profit increases to EUR 10.7 million (+ 24 %) 
  . EBITDA reaches EUR 3.9 million (+ 57 %) 
  . Free cash flow at EUR 1.2 million significantly exceeds previous year (+ EUR 2.4 million) 
  . Net financial assets increased to EUR 3.1 million (12/31/2020: EUR 2.3 million) 
  . Consolidated surplus increased significantly to EUR 0.9 million and EPS to EUR 0.25 
Düsseldorf, May 11, 2021 
The ecotel Group started off the year 2021 with huge success. The »ecotel Business Solutions« and »easybell« segments 
achieved sustainable revenue growth in combination with an increase in gross profit. As there was no significant change 
in the cost basis, the Group can report EBITDA of EUR 3.9 million (prev. year: EUR 2.5 million) for the first quarter 2021. 
Since depreciations remained at the previous year's level, EBIT increased by EUR 1.4 million to EUR 2.0 million. As a 
result, the Group achieved a surplus of EUR 0.9 million (prev. year: EUR 0.1 million) with EPS of EUR 0.25 (prev. year: EUR 
0.02) in the first quarter. 
Significant segment developments 
ecotel Business Solutions: Revenue, gross profit margin and EBITDA achieve sustainable growth 
The »ecotel Business Solutions« segment was able to continue the positive development of fourth quarter 2020. 
In the first three months of 2021, revenue increased to EUR 11.9 million (prev. year: EUR 11.5 million). After completion 
of the transformation process of the past years the growth potentials for the core segment »ecotel Business Solutions« 
are becoming more apparent. 
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 EUR 6.7 
million (prev. year: EUR 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 EUR 1.8 
million (prev. year: EUR 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 »ecotel Business Solutions« segment shows that the transformation to a 
network operator was successful. With a clear focus on expansion of the local exchange network (LEN) platform and the 
network infrastructure, and after migrating virtually all of the customers to the new products and solutions, 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 »easybell« segment likewise continued the positive development of recent quarters, with growth in revenue, gross 
profit and EBITDA. By focusing on modern and easy-to-integrate cloud PBX systems for business customers, as well as 
All-IP telephony with or without a base line, revenue increased significantly to EUR 6.2 million (prev. year: EUR 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 EUR 3.4 million 
(prev. year: EUR 2.3 million). In the first quarter 2021 this segment achieved EBITDA of EUR 1.9 million (prev. year: EUR 1.2 
million) and therefore likewise reported growth of about 60 %. 
Refined forecast: EBITDA is expected to be at the upper end of the corridor between EUR 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 »ecotel Business Solutions« segment is continues to forecast revenue between EUR 47 and 50 
million, with increases in gross profit margins and, consequently, gross profits. The »easybell« segment continues to 
forecast revenue between EUR 24 and 26 million, and the »nacamar« segment EUR 2.0 to 2.5 million. The Management Board 
forecasts consolidated EBITDA at the upper end of the corridor between EUR 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. 
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. 
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. 
PR office: 
Business and Financial Media 
Annette Drescher (Assistant to the Managing Director) 
Phone: [phone] 
Fax: [phone] 
E-mail: [e-mail] 
Trade Media 
Bernadette Loosen-Flanz (PR) 
Phone: [phone] 
Fax: [phone] 
E-Mail: [e-mail] 
For more information please visit us at www.ecotel.de 
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2021-05-11 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
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Language:     English 
Company:      ecotel communication ag 
              Prinzenallee 11 
              40549 Düsseldorf 
              Germany 
Phone:        [phone] 
Fax:          [phone] 
E-mail:       [e-mail] 
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:  1194722 
 
End of News   DGAP News Service 
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1194722 2021-05-11

 
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(END) Dow Jones Newswires

May 11, 2021 02:01 ET (06:01 GMT)