DGAP-News: 11880 Solutions AG / Key word(s): 9 Month figures/Quarterly / Interim Statement 11880 Solutions AG with successful nine-month balance sheet 2021: Sales significantly increased compared to previous year, EBITDA strongly improved 2021-11-09 / 08:00 The issuer is solely responsible for the content of this announcement.

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Essen, 9 November 2021 - 11880 Solutions AG has successfully completed the first nine months of the current financial year: As of 30.09.2021, revenues increased by 17.6 percent compared to the previous year and amounted to EUR 42.9 million at Group level (30.09.2020: EUR 36.5 million). The EBITDA grew by 77.3 per cent to EUR 4.1 million (30.09.2020: EUR 1.8 million).

The Digital business contributed EUR 33.4 million to total revenues in the first nine months of the current 2021 financial year (30.09.2020: EUR 27.3 million). EBITDA improved in this business segment to EUR 4.0 million (30.09.2020: EUR 2.4 million). In the Directory Assistance segment, the company also managed again a slight increase in revenues to EUR 9.5 million (30.09.2020: EUR 9.2 million). EBITDA was also slightly positive in this business segment at EUR 0.1 million (30.09.2020: EUR -0.1 million).

Even after the cyber attack reported at the end of October, which briefly disrupted a large part of the company's operational processes, 11880 Solutions AG is sticking to its guidance for 2021 issued at the beginning of the year. According to this, the company is aiming for a turnover of between 54.8 and 60.6 million euros and an EBITDA of between 3.1 and 4.3 million euros.

"In both business segments of our company, we have shown an excellent performance so far this year," says Christian Maar, CEO of 11880 Solutions AG. "However, we are not yet in the position to make a final assessment of the consequences of the cyber attack but are of course nonetheless sticking to our growth course. To this end, we are already developing further product offerings and examining opportunities to expand our business areas. Innovation and time-to-market are the most important criteria on our way to becoming the number 1 in online marketing for small and medium-sized enterprises in Germany."

You can find the nine-month report 20201 here: https://ir.11880.com/finanzberichte Contact: Anja Meyer 11880 Solutions AG Tel.: 0201 / 8099-188 E-Mail: anja.meyer@11880.com

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2021-11-09 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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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:  1247189 
 
End of News   DGAP News Service 
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1247189 2021-11-09

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(END) Dow Jones Newswires

November 09, 2021 02:00 ET (07:00 GMT)