DGAP-News: 11880 Solutions AG announces successful performance in first nine months of 2019: EBITDA quadrupled, revenue up by more than 11 percent
DGAP-News: 11880 Solutions AG
/ Key word(s): Quarterly / Interim Statement/9 Month figures
11880 Solutions AG announces successful performance in first nine months of 2019: EBITDA quadrupled, revenue up by more than 11 percent
07.11.2019 / 08:00
The issuer is solely responsible for the content of this announcement.
Revenue in the Digital business grew by 14.8 percent to EUR 25.6 million (30 September 2018: EUR 22.3 million) in the period under review, with EBITDA coming in at EUR 1.6 million (30 September 2018: EUR 1.0 million). Even in the Directory Assistance segment, revenue rose by 3.2 percent to EUR 9.6 million as of 30 September 2019 after a massive decline in recent years (30 September 2018: EUR 9.3 million). EBITDA in the Directory Assistance segment was EUR 0.3 million, up from EUR -0.5 million in the prior-year period, driven in particular by strong growth recorded in the call center third-party business. The Group's operating cash flow as of 30 September 2019 was up EUR 2.5 million year-on-year and amounted to EUR 2.3 million (30 September 2018: EUR -0.2 million).
Christian Maar, CEO of 11880 Solutions AG, commented on the nine-month figures for 2019: "Our operating performance this year clearly demonstrates the turnaround achieved by our company. We have succeeded in bringing our business back on track for success based on completely revised product portfolios, internal restructuring and a new corporate mentality. We now want to continue on our growth trajectory and expand our market position. For this purpose, we are currently actively exploring various collaboration opportunities with our new major shareholder united vertical media GmbH."
The full 2019 nine-month report is available at: https://ir.11880.com/finanzberichte
Contact:
Anja Meyer
11880 Solutions AG
Tel.: 0201 / 8099-188
E-Mail: anja.meyer@11880.com
07.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
End of News DGAP News Service
906897 07.11.2019