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11880 Solutions AG (0NXT.L)

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43,950,000.00+0.38 (+0.00%)
At close: 6:07PM EDT
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  • EQS Group

    Nine-month results: 11880 Solutions AG reports revenue and EBITDA growth even in crisis year 2020

    DGAP-News: 11880 Solutions AG / Key word(s): 9 Month figures05.11.2020 / 08:00 The issuer is solely responsible for the content of this announcement.Essen, 5 November 2020 - 11880 Solutions AG today announced a significant year-on-year increase in revenue for the first nine months of financial year 2020 despite a difficult economic environment. At EUR 36.5 million, revenue as of 30 September 2020 was up EUR 1.2 million compared with the previous year (30 September 2019: EUR 35.2 million). The company's customer base in the digital business continued to grow by 4,558 new customers in the first nine months of 2020. September was the most successful month since the transformation began in 2016. Consolidated EBITDA also increased significantly, coming in at EUR 2.3 million after nine months (30.09.2019: EUR 1.9 million).Christian Maar, CEO of 11880 Solutions AG, commented: "We are delighted with our performance so far in what is a difficult year, and we are optimistic about the fourth quarter. This positive trend confirms that our services are well received in the market and that more and more small enterprises in Germany put their trust in our online expertise. The coronavirus crisis shows once again how important professional marketing is. In the directory assistance sector, the market-driven decline in call volume was significantly lower than in the previous year. Our partnership with FRED 11811 and the stable call centre third-party business are important pillars here."Following the acquisition of the Cologne-based online marketing agency Fairrank, the focus is now on swiftly harmonizing the individual business units of both companies. The first joint product, MeinSEO, has already been launched a few days ago. MeinSEO offers small businesses affordable and efficient options for search engine optimisation. It is already apparent that the products and alignment of both companies complement each other perfectly. "Our customer structure is now much more diverse, which enables us to accelerate our profitable growth," says Christian Maar.The full 2020 nine-month report is available at: https://ir.11880.com/finanzberichteContact:Anja Meyer11880 Solutions AGTel.: 0201 / 8099-188E-Mail: anja.meyer@11880.com05.11.2020 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 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: 1145580   End of News DGAP News Service

  • EQS Group

    11880 Solutions AG fully implements capital increase from authorised capital in return for cash and non-cash contributions - subscription offer significantly oversubscribed

    11880 Solutions AG / Key word(s): Capital Increase 11880 Solutions AG fully implements capital increase from authorised capital in return for cash and non-cash contributions - subscription offer significantly oversubscribed 10-Sep-2020 / 16:33 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. * * *Essen, 10 September 2020 - 11880 Solutions AG (WKN 511880) today successfully implemented the capital increase from authorised capital in return for cash and non-cash contributions adopted on 26 August 2020. Under the subscription and over-subscription offer and the subsequent private placement, a total of 3,893,000 new no-par value bearer shares of the Company, each with a notional value of EUR 1.00 and carrying dividend rights from 1 January 2020 ("New Shares") were acquired by investors at a price of EUR 1.25 per New Share. The subscription offer was significantly oversubscribed. The main shareholder united vertical media GmbH exercised all of its pre-emption rights and made its contribution for 2,707,200 New Shares as a non-cash contribution by contributing Cologne-based Fairrank GmbH and by making an additional cash contribution for 106,547 New Shares. Issuing the New Shares increases the share capital of 11880 Solutions AG by EUR 3,893,000.00 from EUR 21,022,200.00 to EUR 24,915,200.00. The Company assumes that the implementation of the capital increase will be entered in the Commercial Register by 21 September 2020. The New Shares are expected to be admitted to trading in the Prime Standard segment of the Frankfurt Stock Exchange on or shortly after 28 September 2020 and will subsequently be delivered to the shareholders under the master ISIN DE0005118806.The acquisition of online marketing company Fairrank enables 11880 Solutions AG to complement its strategic business model and accelerate its growth. The cash capital increase will provide the Company with net issue proceeds of approximately EUR 1,4 mio., which will be used to integrate Fairrank and expand its market position. Contact: Anja Meyer 11880 Solutions AG Tel.: 0201 / 8099-188 E-Mail: anja.meyer@11880.com * * *10-Sep-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de * * * 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: 1130099 End of Announcement DGAP News Service