11880 Solutions AG
ISIN: DE0005118806
WKN: 511880
06 November 2024 08:00AM

EQS-News: 11880 Solutions AG continues positive momentum in first nine months of 2024: Stable revenue, significant EBITDA growth

11880 Solutions AG · ISIN: DE0005118806 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 2023093

EQS-News: 11880 Solutions AG / Key word(s): 9 Month figures/Quarter Results
11880 Solutions AG continues positive momentum in first nine months of 2024: Stable revenue, significant EBITDA growth

06.11.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


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.
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: 2023093

 
End of News EQS News Service

2023093  06.11.2024 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
©boersengefluester.de
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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