11880 Solutions AG continues on its growth trajectory in the first half of 2020: Higher revenue and improved EBITDA even during the crisis
|
DGAP-News: 11880 Solutions AG
/ Key word(s): Half Year Results
Essen, 6 August 2020 - 11880 Solutions AG today announced that despite the coronavirus crisis it has succeeded in achieving continued growth in the first half of 2020 and generating higher revenues year-on-year. The company again was able to increase the number of contract customers in the Digital business significantly by almost 3,000 to 41,664. Revenues as of 30 June 2020 were EUR 24.0 million (H1 2019: EUR 23.2 million). The Digital business accounted for EUR 18.1 million (H1 2019: EUR 16.7 million) and the Directory Assistance business for EUR 5.9 million (H1 2019: EUR 6.5 million) in revenues. Although 11880 Solutions AG's EBITDA was depressed in the first half of 2020 by extraordinary costs in connection with the introduction of new IT systems, it still amounted to EUR 1.4 million as of 30 June 2020. This represents an increase of 27.4 percent over the previous year's figure (30 June 2019: EUR 1.1 million). The company's performance in the first half of 2020 shows that the digital transformation has been successfully achieved with the product portfolio built up in recent years. The consumer-focused 11880 portals werkenntdenBESTEN.de and wirfindendeinenJOB.de received a particular boost during the coronavirus crisis. Many consumers in Germany used the portals as an important everyday guide to obtain information about current offers and opening hours of doctors, service providers, craftsmen or restaurants. At werkenntdenBESTEN.de, the number of consumer reviews exceeded the 100 million mark in June 2020. "We want to continue on our growth trajectory and buck the crisis in the coming months. Together with our major shareholder united vertical media, we will evaluate and implement further collaboration options", says Christian Maar, CEO of 11880 Solutions AG, with a view to the second half of 2020. Contact: Anja Meyer 11880 Solutions AG Tel.: 0201 / 8099-188 E-Mail: anja.meyer@11880.com
06.08.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| 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: | 1110703 |
| End of News | DGAP News Service |
|
|
1110703 06.08.2020
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.