11880 Solutions AG Q1 2024 Turnaround: Significant EBITDA Growth

• 11880 Solutions AG reported a significant increase in EBITDA in Q1 2024, reaching EUR 0.9 million compared to EUR 0.2 million in Q1 2023.
• The company's sales in Q1 2024 were EUR 14.1 million, similar to the previous year's level of EUR 14.5 million.
• The Digital Business segment generated revenue of EUR 11.1 million and EBITDA of EUR 1.0 million in Q1 2024.
• The Directory Assistance segment reported revenue of EUR 3.0 million in Q1 2024, with EBITDA at minus 0.1 million euros, the same as in Q1 2023.
• The company plans to continue its efficiency program and develop its operating business, including increasing the use of AI solutions.
• A new product for valuation management launched by the company has been well received in the market.

The next important date, Publication of Quarterly Report (Cut-off date Q1), at 11 88 0 Solutions Akt is on 07.05.2024.

The price of 11 88 0 Solutions Akt at the time of the news was 0,9650EUR and was up +0,26 % compared with the previous day.

11 88 0 Solutions Akt

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ISIN:DE0005118806WKN:511880

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