11880 Solutions AG Reports Stable Revenue and Significant EBITDA Growth

In the first nine months of 2024, 11880 Solutions AG maintained stability in revenue, recording EUR 41.5 million compared to EUR 42.3 million the previous year. The company reported a significant rise in EBITDA, reaching EUR 3.6 million from EUR 1.3 million the prior year. Cash reserves climbed from EUR 1.5 million to EUR 2.2 million despite economic challenges.

CEO Christian Maar highlighted the economic pressures, including record insolvencies and reduced consumer sentiment affecting clients. However, strategic measures, such as optimizing rental costs, are projected to save over EUR 1.5 million in three years, supporting future growth.

The Digital segment saw slight revenue growth to EUR 33.6 million with Segment EBITDA increasing to EUR 3.8 million. The Directory Assistance segment experienced a drop in revenue to EUR 7.9 million, with an EBITDA of EUR -0.3 million.