11 88 0 Solutions Stock Soars as Sales Surge in First 9 Months of 2023

• 11880 Solutions AG reported a sales growth in the first nine months of 2023, with revenue increasing to EUR 42.3 million from EUR 41.0 million in the same period in 2022.
• The digital business of the company generated EUR 33.5 million in the reporting period, up from EUR 32.3 million in the first nine months of 2022.
• The directory assistance business contributed EUR 8.8 million to the total revenue, slightly up from EUR 8.7 million in the same period in 2022.
• The Group EBITDA in the reporting period was slightly below the previous year's figure, at € 1.3 million compared to € 1.6 million.
• The slight decline in EBITDA is attributed to higher bad debt losses, primarily due to an increase in the number of insolvencies in Germany.
• The company plans to maintain its growth trajectory in the fourth quarter of 2023, with a new customer acquired in the call centre services segment of the directory assistance business.

The next important date, Publication of quarterly report (as of Q3), at 11 88 0 Solutions Akt is on 09.11.2023.
The price of 11 88 0 Solutions Akt at the time of the news was 0,8275EUR and was up +0,61 % compared with the previous day.

11 88 0 Solutions Akt

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ISIN:DE0005118806WKN:511880

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