'- Turnover increased to 95.23 million Euros (prior year: 28.55 million Euros)
- EBITDA improved to 0.22 million Euros (prior year: minus 0.95 million Euros)
- Profit for the year achieved 0.39 million Euros (prior year: minus 8.51 million Euros)
- Positive outlook for 2014: Growth in turnover to over 100 million Euros with significantly positive EBITDA targeted
Ecommerce Alliance AG (ISIN DE000A1C9YW6 / WKN A1C9YW), quoted in the Entry Standard of the Frankfurt Stock Exchange, published its 2013 annual report today. In the financial year ended Ecommerce Alliance Group has succeeded in returning to profit along with a growth in turnover of 234 percent to 95.23 million Euros (prior year: 28.55 million Euros). The increase in turnover was caused by the first-time inclusion of the wap-telecom Group into the group accounts after acquisition of the majority of their shares in 2013. EBITDA improved in the reporting year to 0.22 million Euros. Prior year accounts still showed a loss of 0.95 million Euros. In 2013 the group achieved earnings before interest and tax (EBIT) of minus 0.78 million Euros compared with minus 7.18 million Euros in the prior year. The group closed financial year 2013 with a net profit of 0.39 million Euros (prior year: minus 8.51 million Euros). Thereof, 0.58 million Euros was attributable to shareholders of the parent company and minus 0.19 million Euros to minority interest. Earnings per share in 2013 were 0.19 Euros after minus 5.46 Euros in the prior year.
Equity increased from 10.43 million Euros in the prior year to 17.23 million
Euros at the end of the reporting period as a result of two capital increases completed in 2013 plus 0.58 million Euro profit attributable to shareholders of the parent company in the reporting period. With an equity ratio of 61 percent, Ecommerce Alliance AG has a sound level of equity.
With the take-over of the wap-telecom Group early 2013, Ecommerce Alliance
AG has added another business segment that complements the existing structure. The business model is now based on the three business segments Mobile, Services and Brands. Entering into the Mobile business opens up a market with sustainable growth for the group, given the increasing number of
internet-minded smartphone customers and the increasing attractiveness of
mobile communication.
Prospects for 2014
After completing the integration of the wap-telecom Group in 2013, the focus
in the reporting period was on further expanding the Mobile and Services business segments. With business models showing potential for growth in the Brands sector, Ecommerce Alliance AG will make greater use of the market potential and also establish these dynamic trends in e-commerce in other European countries step by step. Moreover, it is still a part of company strategy to profitably divest minority holdings in the Brands sector, in which strategic accumulation proves not to be sensible.
Daniel Wild, Chairman of the Board of Ecommerce Alliance AG, on this point:
“Additional cash gained from divestitures will serve for additional investment into the growth of our core sectors. For financial year 2014 we are confident of achieving turnover of over 100 million Euros and of significantly improving our EBITDA.”
The complete 2013 annual report is available for download at www.mountain-alliance.de.
