on Telegate AG (isin : DE0005118806)
11880 Solutions AG Reports Strong EBITDA Growth and Stable Revenue for H1 2024
On August 8, 2024, 11880 Solutions AG announced its half-year results, showcasing a significant increase in EBITDA. The company reported an EBITDA of EUR 2.1 million for the first six months of 2024, compared to EUR 0.2 million during the same period in 2023. Revenue remained stable at EUR 27.8 million, just slightly down from EUR 28.2 million in H1 2023.
Christian Maar, CEO of 11880 Solutions AG, highlighted the company's focus on profitable growth, driven by new products and enhancements. The digital business saw sales increase to EUR 22.4 million, with EBITDA reaching EUR 2.4 million. The Directory Assistance segment, however, faced a slight revenue decline, posting EUR 5.5 million in sales due to a decrease in call volumes.
Despite this, 11880 Solutions AG expects positive impacts from the discontinuation of the 11833 Directory Assistance service by December 1, 2024. The company plans to continue optimizing processes and products, leveraging intelligent AI solutions to benefit customers in both business segments.
R. E.
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