ecotel, a leading German quality provider for business customers, has announced its financial results for the first half of 2026, showing continued stable growth. Group revenue increased by 14.7% to EUR 65.4 million, up from EUR 57.0 million in the prior-year period. This growth was driven by the ecotel Wholesale segment, which saw revenue rise to EUR 40.7 million from EUR 32.1 million, primarily due to strong performance in the Voice business. The Data business also contributed positively, further improving value creation.
The Business Customer segment remained stable, generating revenue of EUR 24.7 million. Gross profit increased to EUR 18.7 million from EUR 17.8 million, reflecting improved operational efficiency. EBITDA improved to EUR 3.7 million (previous year: EUR 3.2 million), and EBIT rose to EUR 1.5 million from EUR 0.9 million. Net income increased to EUR 0.9 million, with earnings per share (EPS) rising to EUR 0.25 from EUR 0.20.
Cash flow from operating activities turned significantly positive, reaching EUR 2.8 million compared to a cash outflow of EUR 0.6 million in the prior-year period. Free cash flow also improved substantially to EUR 0.9 million, reversing a negative EUR 2.8 million from the previous year. As of June 30, 2026, the Group reported 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 in the second half of the year, but the company remains confident in its solid financial and liquidity position.
Based on the first-half performance, ecotel confirms its expectations for fiscal year 2026. The company continues to expect 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 has been operating nationwide since 1998 and has established itself as one of the leading quality providers for business customers, focusing on the growth areas of cloud and fiber in the German telecommunications market. The parent company, ecotel communication ag, is based in Dusseldorf and employs around 210 people including its subsidiary. For more information, visit www.ecotel.de.
