EQS-News 105 0 Kommentare 11880 Solutions AG reports sales growth in the first nine months of 2023

Für Sie zusammengefasst

Sales growth in first 9 months of 2023: EUR 42.3 million (2022: EUR 41.0 million)
Group EBITDA slightly below previous year: EUR 1.3 million (2022: EUR 1.6 million)
Efficiency measures led to positive cash flow, still on course for growth

EQS-News: 11880 Solutions AG / Key word(s): 9 Month figures
11880 Solutions AG reports sales growth in the first nine months of 2023

09.11.2023 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

Essen, 9 November 2023 - 11880 Solutions AG increased its revenue to EUR 42.3 million in the first nine months of the current 2023 financial year (9 months 2022: € 41.0 million). The digital business generated EUR 33.5 million in the reporting period (9 months 2022: € 32.3 million), while the directory assistance business contributed EUR 8.8 million (9 months 2022: € 8.7 million) to total revenue.

At € 1.3 million, Group EBITDA in the reporting period was slightly below the previous year's figure of € 1.6 million. EBITDA in the digital business amounted to € 1.5 million as of 30 September 2023 (9 months 2022: € 1.7 million) and to minus € 0.2 million in the directory assistance business (9 months 2022: € -0.1 million). The main reason for the slight decline is higher bad debt losses, which are primarily due to the massive increase in the number of insolvencies in Germany.

"In view of the general economic situation, we are very satisfied with the current development of our company. We were right to embark on an efficiency drive at the beginning of the year, which is already showing clear effects. We were able to optimise our costs, have a stable cash cushion and have now been reporting a positive cash flow for two quarters. It is particularly pleasing that we are still on course for growth despite the efficiency measures we have implemented," explains Christian Maar, CEO of 11880 Solutions AG.

11880 Solutions AG intends to maintain its promising growth trajectory in the fourth quarter of 2023. In the directory assistance business, a new customer was acquired in the call centre services segment. The area continues to grow and can thus help to compensate for the continuing market-related decline in the directory enquiries business. In the digital business, the product and sales areas were brought closer together to be able to respond even more flexibly and efficiently to the requirements and wishes of corporate customers in future.

You can find the nine-month report 2023 here: https://ir.11880.com/finanzberichte

Contact:
Anja Meyer
11880 Solutions AG
Tel.: 0201 / 8099-188
E-Mail: anja.meyer@11880.com

09.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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:	1768743