DGAP-News: 11880 Solutions AG announces nine-month figures for 2018: Revenue growth, positive EBITDA, significantly improved cash flow

Essen, 15 November 2018 - 11880 Solutions AG today announced its nine-month figures for 2018, which clearly reflect the company's positive business performance. At EUR 0.5 million, EBITDA improved by EUR 2.5 million year-on-year (30 September 2017: EUR -2.0 million). Revenue came in at EUR 31.6 million - also an improvement on the previous year's figure of EUR 30.7 million.
 
The growing digital business contributed revenue of EUR 22.3 million (30 September 2017: EUR 19.9 million), thus accounting for 71 percent of total revenue. EBITDA in this segment was clearly positive at EUR 1.1 million (30 September 2017: EUR -1.6 million). In the Directory Assistance segment, an increasing volume of third-party call center business could not yet fully compensate for the continued market-related decline in directory inquiries. 11880 Solutions AG generated EBITDA of EUR -0.6 million in this segment (30 September 2017: EUR -0.4 million) based on revenue of EUR 9.3 million (30 September 2017: EUR 10.8 million).
 
Following extraordinary restructuring costs in the first half of the year, the company's cash flow improved significantly in the third quarter and after the first nine months of the 2018 financial year amounted to EUR -3.3 million (30 September 2017: EUR -3.8 million).
 
"Despite the extraordinary burden of massive restructuring costs, we managed to significantly improve our bottom line," explains 11880 Solutions CEO Christian Maar, who initiated the necessary corporate transformation in mid-2015. "In the next few quarters, we will continue to expand our business by launching two new portals in the digital business and growing revenue volume in the third-party call center business to lead 11880 Solutions AG into a successful future."
 
 
The full 2018 nine-month report is available at: https://ir.11880.com/finanzberichte
 
 



Contact:
Anja Meyer
11880 Solutions AG
Tel.: 0201 / 8099-188
E-Mail: [email protected]