Ecotel communication ag Reports Consolidated Earnings Results for the First Quarter of 2020
ecotel communication ag reported earnings results for the first quarter of 2020. In the first quarter 2020 the Group achieved total revenue of €19.7 million (previous year: €19.6 million) and an increase in EBITDA to €2.5 million (previous year: €2.4 million). EBIT remained unchanged at €0.6 million compared with the first quarter 2019. Due to the temporary impact on revenue, the at equity result decreased from the previous year's figure of €0.1 million to €0.0 million in the first quarter 2020. After deducting interest, taxes and the shares of other shareholders, ecotel achieved consolidated profit of €0.1 million (previous year: €0.1 million) in the first quarter 2020. This corresponds to earnings per share of €0.02 (previous year: €0.03).