11 88 0 Solutions AG

TGT

Equity

ISIN DE0005118806 / Valor 578235

Xetra (2024-12-23)

EUR 0.82-3.51%

11 88 0 Solutions AG
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About company

11 88 0 Solutions AG is a Swiss company that specializes in providing innovative software solutions for the financial industry.

Summarized from source with an LLMView SourceSector: Telecommunications

Revenue Growth

In the 2023 financial year, 11 88 0 Solutions AG reported a slight increase in revenue, reaching EUR 57.1 million compared to EUR 56.0 million in 2022. This growth was primarily driven by the Digital Business segment, which saw its revenue rise to EUR 44.8 million from EUR 43.7 million the previous year.

Segment Performance

The Directory Assistance segment of 11 88 0 Solutions AG experienced a decline in call volume by 25% in 2023. Despite this, the segment managed to maintain its revenue at EUR 12.3 million, only slightly down from EUR 12.4 million in 2022, thanks to higher order volumes and new customers in the call centre services business.

EBITDA Improvement

11 88 0 Solutions AG saw an increase in Group EBITDA, which rose to EUR 2.6 million in 2023 from EUR 2.4 million in the previous year. The Digital Business segment contributed significantly to this improvement, with its EBITDA increasing to EUR 2.6 million from EUR 2.3 million in 2022.

Positive Operating Cash Flow

One of the key achievements for 11 88 0 Solutions AG in the 2023 financial year was generating a positive operating cash flow. This milestone reflects the company's successful efforts to enhance profitability amidst a challenging economic environment.

Future Outlook

Looking ahead to the 2024 financial year, 11 88 0 Solutions AG anticipates revenue to be between EUR 54.3 million and EUR 60.0 million. The company also projects Group EBITDA to range from EUR 3.1 million to EUR 4.6 million, indicating a continued focus on improving profitability and operational efficiency.

Summarized from source with an LLMView Source

Key figures

4.43%1Y

-46.1%3Y

-47.7%5Y

Performance

78.0%1Y

58.0%3Y

57.5%5Y

Volatility