11880 Solutions AG underlines turnaround in the first quarter of 2024:
EBITDA significantly increased

EQS-News: 11880 Solutions AG / Key word(s): Quarter Results/Quarterly /
Interim Statement
11880 Solutions AG underlines turnaround in the first quarter of 2024:
EBITDA significantly increased

07.05.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Essen, 7 May 2024 - 11880 Solutions AG generated EBITDA of EUR 0.9 million
in the first quarter of the 2024 financial year (Q1 2023: EUR 0.2 million).
At EUR 14.1 million, sales were at the previous year's level (Q1 2023: EUR
14.5 million).

"We have continued the course we set last year in 2024," explains Christian
Maar, CEO of 11880 Solutions AG. "A clear focus on our successful products,
higher customer quality, and significantly greater efficiency in our
internal processes are leading us to sustainable profitability."

The Digital Business generated revenue of EUR 11.1 million in the first
three months of 2024 (Q1 2023: EUR 11.4 million), while EBITDA in this
segment totaled EUR 1.0 million (Q1 2023: EUR 0.4 million). In the Directory
Assistance segment, the market-related decline in call volume was largely
offset by call center services, with the result that revenue in the first
quarter of 2024 amounted to EUR 3.0 million (Q1 2023: EUR 3.2 million). At
minus 0.1 million euros, EBITDA in this segment in the reporting period was
at previous year's level (Q1 2023: -0.1 million euros).

"We will continue our efficiency program in the coming quarters. At the same
time, we are continuing to develop our operating business. Our new product
for valuation management, which has enabled corporate customers to actively
collect and manage important valuations from their customers since the
beginning of the year, has been very well received on the market," says
Christian Maar. "In the second quarter of the current financial year, we
will also increase the use of AI solutions in various areas. In the
Directory Assistance business area, for example, more and more corporate
customers are interested in our 11880-voice bot, while at werkenntdenBESTEN
we categorize reviews with the support of AI, searching for the right
provider faster and more convenient for users."

The interim statement for Q1 2024 of 11880 Solutions AG is available for
download at: 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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07.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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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:    1896739

End of News EQS News Service
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1896739 07.05.2024 CET/CEST