Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
11880 Solutions AG is a Germany-based communication company specializing in directory assistance and digital marketing services. Founded in 1996 and formerly known as telegate AG until June 2016, it operates primarily in Germany, providing telephone directory assistance for phone numbers, pre-dial codes, and addresses through its Directory Assistance segment. The Digital segment offers online marketing solutions, including Google AdWords, Google My Business, social media management, search engine optimization, website analyses, and advertising on platforms like 11880.com, partner portals, and apps such as werkenntdenBESTEN.de for reviews and wirfindendeinenJOB.de for jobs. Additionally, it delivers call center services, secretarial support, and software tools for data, address, and network management to small and medium-sized enterprises. Headquartered in Essen with approximately 416 employees, 11880 Solutions AG plays a key role in the business support services sector, particularly within call center operations and digital advertising for local businesses.
The business is unprofitable at the operating level (-0.71% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 0.2% YoY. Margins deteriorated 2.1pp alongside, both lines moving the wrong way.
Free cash flow declined 853% versus the prior year, cash generation momentum has weakened. ROIC dropped from 4.04% to -2.29%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (FY)
€56M
▼ -0.2% YoY
Net Income (FY)
-€3M
▼ -596.6% YoY
Op. Margin
-0.71%
▼ -2.1pp YoY
ROIC
-2.29%
▼ -6.3pp YoY
Cash Flow & Balance Sheet
FCF (FY)
-€708K
▼ -853.2% YoY
Op. Cash Flow (FY)
-€529K
▼ -356.8% YoY
Net Debt
€4M
Cash & Equiv.
€1M
3Y CAGR: +5.5%
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