11880 Solutions AG
ISIN: DE0005118806
WKN: 511880
30 April 2024 08:00AM

EQS-News: 11880 Solutions AG presents financial results for 2023: Operating cash flow positive again

11880 Solutions AG · ISIN: DE0005118806 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 1892035

EQS-News: 11880 Solutions AG / Key word(s): Annual Results/Annual Report
11880 Solutions AG presents financial results for 2023: Operating cash flow positive again

30.04.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


 Essen, 30 April 2024 – 11880 Solutions AG was able to significantly improve its earnings and slightly increase its revenue in a turbulent economic environment in the 2023 financial year. The company's goal of increasing profitability was achieved: operating cash flow was positive again on an annualised basis.

In the 2023 financial year, 11880 Solutions AG generated sales of EUR 57.1 million (2022: EUR 56.0 million). Of this, EUR 44.8 million was attributable to the Digital Business (2022: EUR 43.7 million) and EUR 12.3 million to the Directory Assistance segment (2022:EUR 12.4 million). Although the call volume in directory enquiries declined even more sharply in 2023 compared to previous years at 25%, sales were largely offset by higher order volumes and new customers in the call centre services business.

Group EBITDA rose from EUR 2.4 million in the previous year to EUR 2.6 million in the 2023 financial year. The Digital Business generated higher EBITDA of EUR 2.6 million compared to the previous year (2022: EUR 2.3 million); EBITDA in the Directory Assistance segment totalled EUR 0.0 million (2022: EUR 0.1 million).

"The 2023 financial year was very busy for us. Our efforts were rewarded, as we succeeded in realising our most important goal and generating a positive operating cash flow. At the same time, we were able to increase both sales and EBITDA. What we have achieved motivates us to continue this course in the current financial year and to continue to focus more strongly on operating profit," says Christian Maar, CEO of 11880 Solutions AG. "In 2024, we are focussing on creating more value for the major rating search engine werkenntdenBESTEN, which continues to grow rapidly. In addition, our team of experts is currently developing a range of AI solutions to support and optimise various business processes in order to improve our product quality and customer satisfaction on the one hand and increase profitability on the other."

For the current 2024 financial year, 11880 Solutions AG expects revenue of between EUR 54.3 million and EUR 60.0 million and EBITDA of between EUR 3.1 million and EUR 4.6 million at Group level.

The 2023 annual report of 11880 Solutions AG is available for download at: https://ir.11880.com/finanzberichte

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


30.04.2024 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.
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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: 1892035

 
End of News EQS News Service

1892035  30.04.2024 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 42,92 47,67 50,80 56,53 56,02 57,05 56,00
EBITDA1,2 0,98 2,76 2,97 5,84 2,38 2,64 4,00
EBITDA-Margin3 2,28 5,79 5,85 10,33 4,25 4,63 7,14
EBIT1,4 -3,05 -2,11 -2,66 -0,33 -3,37 -2,96 -1,40
EBIT-Margin5 -7,11 -4,43 -5,24 -0,58 -6,02 -5,19 -2,50
Net Profit (Loss)1 -3,11 -3,18 -2,31 1,04 -3,49 -4,29 -1,70
Net-Margin6 -7,25 -6,67 -4,55 1,84 -6,23 -7,52 -3,04
Cashflow1,7 1,26 4,40 2,47 4,24 -0,30 1,70 0,00
Earnings per share8 -0,16 -0,16 -0,10 0,04 -0,14 -0,17 -0,06
Dividend per share8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: PricewaterhouseCoopers

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
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11880 Solutions
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
511880 DE0005118806 AG 22,43 Mio € 22.04.1999 Halten 9F39C2V5+2W
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
-85,50 39,25 -2,18 -3,42 6,50 13,17 0,39
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,00 0,00 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
25.06.2025 08.05.2025 07.08.2025 07.11.2024 27.03.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-0,58%
0,86 €
ATH 170,00 €
+4,14% +5,56% +13,25% +11,76% -96,83%

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