Germany's 11880 Solutions 9M EBITDA rises on digital business growth

Overview

• Germany digital directory firm's nine-month revenue declined yr/yr to EUR 37.2 mln

• EBITDA for nine months rose to EUR 2.4 mln from EUR 2.2 mln

• EBITDA improvement attributed to realignment of key processes and ongoing changes

Outlook

• Company expects new product launches to contribute increasingly to revenue as market adoption grows

• Company aims to increase revenue and productivity through its 2030 strategy

Result Drivers

• PROCESS REALIGNMENT - Co said realignment of key processes contributed to improved profitability, per CEO Martin Walter

• DIGITAL BUSINESS - Digital segment EBITDA rose 12.5% yr/yr, helping offset lower revenue

• SEASONAL FLUCTUATIONS - Co said lower telephone services revenue and EBITDA were due to seasonal fluctuations at a major client

Company press release:

Key Details

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)