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11880 Solutions AG
ISIN: DE0005118806
WKN: 511880
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11880 Solutions AG · ISIN: DE0005118806 · EQS - adhoc news (36 News)
Country: Germany · Primary market: Germany · EQS NID: 1479051
03 November 2022 07:42PM

11880 Solutions AG announces preliminary Q3 results and adjusts annual forecast


EQS-Ad-hoc: 11880 Solutions AG / Key word(s): Change in Forecast
11880 Solutions AG announces preliminary Q3 results and adjusts annual forecast

03-Nov-2022 / 19:42 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Essen, 03 November 2022 - 11880 Solutions AG, Essen, (WKN 511880), announces its preliminary Q3 results and adjusts its full-year forecast for 2022.

In particular, unexpected bad debt losses due to looming insolvencies and an increased reluctance to buy on the part of corporate customers, higher third-party service costs as well as a mandatory price announcement for directory enquiries led to a weaker expected positive business development in Q3 2022. The original EBITDA forecast of 3.3 to 4.3 million euros is being adjusted to 1.5 to 2.5 million euros.

The revenue forecast of 54.8 to 60.6 million euros issued at the beginning of the year is narrowed down to 54.0 to 56.5 million euros. The original cash forecast of 1.5 to 2.4 million euros will also be adjusted to 1.0 to 1.8 million euros after Q3 2022.

Based on the preliminary results, the company generated revenue of 41.2 million euros and EBITDA of 1.7 million euros in the first nine months of the 2022 financial year.

11880 Solutions AG will continue to successfully develop its business with an efficient growth strategy, new products, and further cost reductions in the 2023 financial year.

 

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

03-Nov-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: 11880 Solutions AG
Hohenzollernstraße 24
45128 Essen
Germany
Phone: 0201-80990
E-mail: info@11880.com
Internet: www.11880.com
ISIN: DE0005118806, DE0005118806, ,
WKN: 511880, 511880
Indices: Prime All Share
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1479051

 
End of Announcement EQS News Service

1479051  03-Nov-2022 CET/CEST

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