Brief: Ecotel Communication Q3 Gross Profit Up At EUR 9.8 Mln

ecotel communication AG

12/11/2020 07:04

Nov 12 (Reuters) - ECOTEL COMMUNICATION AG  E4CG.DE :
    * ECOTEL COMMUNICATION AG: ECOTEL PRESENTS Q3 FIGURES:
RENEWED
INCREASE IN GROSS PROFIT AND EBITDA
    * Q3 GROSS PROFIT INCREASES BY 16% TO EUR 9.8 MILLION (Q3
2019:
EUR 8.4 MILLION)
    * Q3 EBITDA INCREASES BY 48% TO EUR 3.0 MILLION (Q3 2019:
EUR 2.0
MILLION)
    * Q3 CUMULATIVE GROWTH IN 2020 OF 10 % IN GROSS PROFIT AND
20 % IN
EBITDA
    * OUTLOOK 2020: CONFIRMED DESPITE COVID-19 PANDEMIC
    * Q3 EBIT EUR 0.9 MILLION
    * EBITDA IS EXPECTED TO BE WITHIN UPPER END OF FORECAST
CORRIDOR
OF EUR 8.5 TO 10.5 MILLION.
    * OUTLOOK 2020: EXPECTS REVENUE IN A CORRIDOR OF EUR 46 TO
49
MILLION IN CORE SEGMENT ECOTEL BUSINESS SOLUTIONS, WITH A SLIGHT
INCREASE IN GROSS PROFIT MARGIN
    * OUTLOOK 2020: REVENUE OF EUR 20 MILLION TO EUR 21 MILLION
IS
ANTICIPATED FOR EASYBELL SEGMENT, AND REVENUE OF EUR 1.5 TO EUR
2.5 MILLION IS ANTICIPATED FOR NACAMAR SEGMENT

Source text for Eikon:  ID:nEQwZHF3a 
Further company coverage:  E4CG.DE 

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