DGAP-News: 11880 Solutions AG continues on its growth trajectory in the first quarter of 2019: higher revenue and substantially improved EBITDA

Essen, 9 May 2019 - 11880 Solutions AG today announced continued growth in the first quarter of 2019. The Company posted revenue of EUR 11.6 million in the first three months of the current financial year (Q1 2018: EUR 10.6 million). Year-on-year, revenue even grew in both segments: While 11880 Solutions AG generated revenue of EUR 8.3 million (Q1 2018: EUR 7.5 million) in its digital business, revenue in its directory assistance business came to EUR 3.3 million (Q1 2018: EUR 3.1 million), representing a healthy 6.5 percent increase. In the telephony segment, which has seen declining revenue in recent years, the performance of the call centre third-party business was excellent: Compared with the first quarter of 2018, the volume in the first three months of the current financial year rose by 17,400 telephony hours (plus 58%).
 
At EUR 0.8 million, earnings before interest, taxes, depreciation and amortisation (EBITDA) after the first three months of 2019 were also significantly higher year-on-year (Q1 2018: EUR 0.1 million). In the Digital segment, EBITDA in the first quarter of 2019 rose from EUR 0.0 million to EUR 0.7 million year-on-year. EBITDA in the directory assistance segment as of the end of March 2019 was at the previous year's level of EUR 0.1 million.
 
"Our customer base in the digital business saw net growth of more than 2,000 in the first three months of the current year. This is our best start ever to a new financial year," said Christian Maar, Chief Executive Officer of 11880 Solutions AG. "Our werkenntdenBESTEN.de and wirfindendeinenJOB.de portals complement the product portfolio surrounding our 11880.com core product and offer corporate customers opportunities to expand their business effectively. The success and growing popularity of our offering is reflected not just in the growing number of customers but also in the increasing traffic registered on all portals. Establishing the call centre third-party business has also brought our telephony business back on track."
 
11880 Solutions AG is confident that its positive performance will continue in the second quarter of 2019 and confirms the revenue and EBITDA guidance issued for the current year (revenue: EUR 40.3 - 47.0 million / EBITDA: EUR 2.0 - 4.0 million).

 
The Q1 2019 interim management statement of 11880 Solutions AG is available at:
https://ir.11880.com/english/reports

Contact:
Anja Meyer
11880 Solutions AG
Tel.: 0201 / 8099-188
E-Mail: anja.meyer@11880.com