Ecotel communication ag: Transfer of usage rights for internet resources successfully completed

DGAP-News: ecotel communication ag / Keyword(s): Contract/statement

ecotel communication ag: transfer of usage rights for internet resources successfully completed

06.07.2022 / 09:39
The publisher is solely responsible for the contents of this announcement.

  • One-off turnover of €14.9 million before tax achieved
  • Additional consolidated result of approximately € 10.5 million or additional earnings per share (EPS) of approximately € 3.00 expected in the current financial year

Duesseldorf, 6 July 2022

ecotel communication ag announces the successful completion of the transaction for the transfer of internet resource usage rights. With this step, the contract mentioned in the ad hoc report of June 4, 2022 has been executed within the announced deadline. After deduction of transaction costs, the one-off proceeds from the transaction amount to approximately €14.9 million before tax. This means that consolidated earnings in fiscal year 2022 are expected to be approximately €10.5 million higher than originally planned and earnings per share (EPS) will also increase by approximately €3.00.

The transaction was preceded by several network optimization projects over a period of approximately twelve months, in which both resource management and systematic utilization were optimized.

This has resulted in the transfer of some 300,000 internet resources, which will no longer be needed for business operations. With the completion of the transfer, ecotel communication ag will have approximately 750,000 resources, approximately half of which are currently allocated to the operation of the network infrastructure and to customers of the ecotel Group. The company is currently evaluating whether further optimizations of usage are possible and how much internet resources are needed for future growth.

The Board of Directors is currently reviewing the Group Strategy and plans to present the new strategy in the coming months.

About ecotel communication ag:
The ecotel Group (hereinafter »ecotel«), which has been active 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 associates, ecotel has a total of approximately 300 employees. Currently, ecotel serves more than 50,000 customers nationwide, with 55,000 data connections and more than 440,000 voice channels.

Remark:
This publication is not an offer to sell or an invitation to purchase or subscribe for any securities. This publication is not a securities brochure. This publication and the information contained therein are not intended for direct or indirect distribution to or within the United States of America, Canada, Australia or Japan.

Investor Relations
ecotel communication agency
Investor Relations
+49 (0) 211-55 007 740
E-mail address: [email protected]

For more information, visit us at: www.ecotel.de

06.07.2022 Dissemination of a company news broadcast by DGAP – a service of EQS Group AG.
The publisher is solely responsible for the contents of this announcement.

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