Brief: 11880 Solutions Says Generated Revenue Of 41.2 Million Euros In First Nine Months Of 2022

11 88 0 Solutions AG

03/11/2022 18:46

Nov 3 (Reuters) - 11 88 0 Solutions Ag  TGTG.DE :
    * EQS-ADHOC:  11880 SOLUTIONS AG ANNOUNCES PRELIMINARY Q3
RESULTS
AND ADJUSTS ANNUAL FORECAST
    * COMPANY GENERATED REVENUE OF 41.2 MILLION EUROS AND EBITDA
OF
1.7 MILLION EUROS IN FIRST NINE MONTHS OF 2022 FINANCIAL YEAR
    * REVENUE FORECAST OF 54.8 TO 60.6 MILLION EUROS ISSUED AT
BEGINNING OF YEAR IS NARROWED DOWN TO 54.0 TO 56.5 MILLION EUROS
FOR 2022
    * FY 2022 ORIGINAL EBITDA FORECAST OF 3.3 TO 4.3 MILLION
EUROS IS
BEING ADJUSTED TO 1.5 TO 2.5 MILLION EUROS
    * PLANS FURTHER COST REDUCTIONS IN 2023 FINANCIAL YEAR

Source text for Eikon:  ID:nEQ9zcHnWa 
Further company coverage:  TGTG.DE 
 ((Reuters.Briefs@thomsonreuters.com;))