11880 Solutions AG Reports Positive Growth in Q1 2024

On May 7, 2024, 11880 Solutions AG announced a significant improvement in their earnings during the first quarter of 2024. The company recorded an EBITDA of EUR 0.9 million, a substantial increase from EUR 0.2 million in Q1 of 2023. Overall sales, however, remained relatively stable at EUR 14.1 million, close to the previous year's figure of EUR 14.5 million.

Christian Maar, CEO of 11880 Solutions AG, credited the success to a refined focus on successful products, enhanced customer quality, and improved operational efficiency. The Digital Business segment generated EUR 11.1 million in revenue, though it saw a slight decrease from EUR 11.4 million in the previous year, with EBITDA in this sector jumping to EUR 1.0 million from EUR 0.4 million. The Directory Assistance segment marginally declined to EUR 3.0 million but maintained its EBITDA from the prior year.

Looking ahead, Maar revealed plans to continue the company's efficiency program and develop its operational business further. He highlighted the introduction of a new valuation management product and the increased integration of AI solutions in their services as key strategic moves for the coming quarters.