ecotel communication ag, a leading German quality provider for business customers, reported a stable business performance for the first half of 2026, with significant improvements in revenue, earnings, and cash flow compared to the prior-year period. The company announced these results on August 13, 2026, highlighting continued growth across its segments.
Group revenue for the first half of 2026 increased by 14.7% to EUR 65.4 million, up from EUR 57.0 million in the same period last year. The Business Customer segment maintained its stable trajectory, generating revenue of EUR 24.7 million. Meanwhile, the ecotel Wholesale segment saw a substantial rise in revenue to EUR 40.7 million, compared to EUR 32.1 million in the previous year. This growth was primarily driven by the Voice business, with the Data business also contributing positively to value creation.
Gross profit improved to EUR 18.7 million, up from EUR 17.8 million in the prior-year period. EBITDA rose to EUR 3.7 million from EUR 3.2 million, and EBIT increased to EUR 1.5 million from EUR 0.9 million. Net income grew to EUR 0.9 million, compared to EUR 0.7 million in the previous year, with earnings per share (EPS) rising to EUR 0.25 from EUR 0.20.
The company also reported a significant improvement in cash flow. Cash flow from operating activities reached EUR 2.8 million, a turnaround from a cash outflow of EUR 0.6 million in the prior-year period. Free cash flow also turned positive, amounting to EUR 0.9 million, compared to a negative EUR 2.8 million in the previous year. As of June 30, 2026, the group held cash and cash equivalents of EUR 1.4 million, and net financial assets improved by EUR 3.5 million year-on-year to EUR 1.4 million.
In August 2026, ecotel will make a VAT payment of EUR 2.8 million to avoid additional interest charges. The company maintains its differing legal opinion and has filed legal remedies against the assessment notice. This payment will impact cash flow for the remainder of the year, but the company states that it continues to have a solid financial and liquidity position.
Based on the first-half performance, ecotel confirms its expectations for fiscal year 2026. The company continues to anticipate revenue within its guided range, likely at the lower end. Management remains focused on maintaining stable operating performance, expanding higher-margin services, and sustainably strengthening the group's financial position and balance sheet structure.
ecotel communication ag has been operating nationwide since 1998 and has established itself as one of the leading quality providers for business customers, serving the growth areas of "cloud & fiber" in the German telecommunications market. The parent company is based in Dusseldorf and, including its subsidiary, employs around 210 people.
For more information, visit the company's website at www.ecotel.de.
