Stable revenue, significant EBITDA growth
|
EQS-News: 11880 Solutions AG
/ Key word(s): 9 Month figures/Quarter Results
Essen, November 6, 2024 – Despite challenging economic conditions, 11880 Solutions AG has maintained its positive trajectory in the first nine months of fiscal year 2024. Revenue remained stable at EUR 41.5 million (9 months 2023: € 42.3 million), while EBITDA rose sharply year-over-year to EUR 3.6 million (9 months 2023: € 1.3 million). Cash holdings also increased from EUR 1.5 million to EUR 2.2 million in the first nine months of 2024. “We are certainly feeling the impact of the current economic environment. The record number of insolvencies and dampened consumer sentiment are affecting our clients, too. Nevertheless, we have managed to keep our revenue stable while achieving strong economic results,” says Christian Maar, CEO of 11880 Solutions AG. “By optimizing rental costs at our headquarters in Essen, we will save more than EUR 1.5 million over the next three years. All savings from our efficiency program go directly toward further growth.” In the Digital segment, revenue reached EUR 33.6 million for the first nine months of 2024, slightly above the previous year’s figure (9 months 2023: € 33.5 million). Segment EBITDA as of September 30, 2024, stood at EUR 3.8 million (9 months 2023: € 1.5 million). The Directory Assistance segment generated revenue of EUR 7.9 million in the first nine months (9 months 2023: € 8.8 million), with EBITDA at EUR -0.3 million for the reporting period (9 months 2023: € -0.2 million). The enhanced product portfolio in the Digital segment led to higher revenue per customer in the reporting period. “With more efficient tools and campaigns, we support our clients in boosting their online presence and generating more business. In the fourth quarter, we will continue investing in the development and smart integration of our products to enable successful client campaigns,” says Christian Maar. “In Directory Assistance, we are fully prepared to take on the call volume from 11833, which Telekom will discontinue at the end of November.” You can find the 2024 Nine-Month Report here: https://ir.11880.com/finanzberichte
Contact: Anja Meyer 11880 Solutions AG Tel.: 0201 / 8099-188 E-Mail: anja.meyer@11880.com
06.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | 11880 Solutions AG |
| Hohenzollernstraße 24 | |
| 45128 Essen | |
| Germany | |
| Phone: | 0201-80990 |
| E-mail: | info@11880.com |
| Internet: | www.11880.com |
| ISIN: | DE0005118806, DE0005118806, , |
| WKN: | 511880, 511880 |
| Indices: | Prime All Share |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2023093 |
| End of News | EQS News Service |
|
|
2023093 06.11.2024 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.