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Broadband

Ecotel sees FY gross profit growth but sales decline

Friday 13 March 2020 | 09:25 CET | News
German operator Ecotel said that its EBITDA increased by 17 percent to EUR 8.8 million in 2019, thanks to higher margins in the changing product mix and effects of accounting requirements. Total sales decreased to EUR 82.8 million last year compared with EUR 98.9 million in 2018, and gross profit rose by 5 percent to EUR 33.6 million. Its balance sheet improved by EUR 9.6 million, mainly due to the new accounting requirements, which reduced the equity ratio by almost 10 percentage points.  

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Categories: Fixed
Companies: Ecotel
Countries: Germany
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