on Telegate AG (ETR:TGT)
11880 Solutions AG Reports Stable Revenue Amidst Economic Challenges
On August 7, 2025, 11880 Solutions AG announced its half-year results, highlighting stable revenue despite ongoing economic pressures. The company reported a revenue of EUR 27.2 million in the first half of 2025, slightly down from EUR 27.8 million in 2024. EBITDA was impacted by extraordinary digital business costs, resulting in EUR 0.9 million compared to EUR 2.1 million the previous year.
The review portal, werkenntdenBESTEN, emerged as a significant growth driver with nearly 19,000 paying customers. This milestone contributed to surpassing internal targets in the call center services. However, the company faced challenges from record insolvencies within the SME customer group and poor payment behavior.
Despite adversities, 11880 Solutions AG remains optimistic. The Media segment recorded EUR 22.2 million in revenue, while phone services held steady at EUR 5.0 million. The company views its first-half business development as cautiously positive.
R. P.
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