Business Summary: Ecotel Communication AG is a Germany-based company engaged in the telecommunication sector. The Company operates in three business areas: The Business Solutions division supplies voice, data and mobile communication solutions; The Wholesale Solutions division markets preliminary products to other telecommunication companies and marketers outside the sector, and the New business division covers media companies and private customers. The Company offers a range of data products from data connections, such as asymmetric digital subscriber line (ADSL), symmetric digital subscriber line (SDSL), leased lines and Ethernet to secure corporate networks via virtual private network (VPN), and the housing of server farms and the hosting of shared services. The Company also markets mobile communication products and offers related services.
Financial Summary: BRIEF: For the nine months ended 30 September 2024, Ecotel Communication AG revenues increased 10% to EUR85.7M. Net income before extraordinary items decreased 89% to EUR586K. Revenues reflect Wholesale segment increase of 4% to EUR33.6M, Business Solutions segment increase of 1% to EUR23.3M. Net income was offset by Other operating income decrease of 89% to EUR729K (income), Other operating expenses increase of 8% to EUR9.1M (expense).