Following the acquisition of the Wap-telecom Group in the first quarter of 2013, Ecommerce Alliance AG, which is listed on the Entry Standard of the Frankfurt Stock Exchange (ISIN DE000A12UK08/WKN A12UK0), expected consolidated revenues of over EUR 100 million for the current financial year, resulting particularly from the trading business in the smartphone and tablet market.
Sales problems of the world’s largest smartphone manufacturer in the third quarter of 2014 are now forcing a considerable reduction of the high revenue expectations in the Mobile segment which results in a lower profit contribution of this business unit in 2014. For the financial year 2014, the executive board currently anticipates consolidated revenues between EUR 70 million and EUR 75 million.
The traditional Services and Brands segments developed better than expected and will exceed their profit forecasts. In particular, Shirtinator, the international mass-customisation online-shop for individually printed T-shirts an textiles, has already achieved the turnaround with an operating profit by the end of the first half of 2014.
“Operating in a difficult market environment, Wap-telecom counteracts and fosters collaboration with other manufacturers. Moreover, we are confident that the still young but fast-growing ‘internet via satellite’ business is a valuable addition to our telecom activities. We are also pleased with the positive and profitable performance of our e-commerce services companies and the Brands segment,” explained CEO Daniel Wild.
