Ad-hoc | 23 December 2016 21:11
11880 Solutions AG / Key word(s): Change in Forecast
23-Dec-2016 / 21:11 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Munich / Planegg, 23 December 2016 - Due to a major restructuring measure
11880 Solutions AG adjusts its forecast published at the beginning of the
year. The company now expects to close the financial year 2016 with an
EBITDA of around -EUR 2.9 million.
The expected EBITDA and in consequence also the segment results have to be
reduced mainly due to costs for adjusting the organization to a new product
and sales structure in December 2016. This measure comprises a reduction of
all administrative units by nearly 100 out of 700 headcounts at all company
locations.
With a much leaner cost structure 11880 Solutions AG can now proceed its
strategic reorientation in the coming financial year 2017.
Contact:
Anja Meyer
11880 Solutions AG
Tel.: 089/ 8954-1188
Fax: 089/ 8954-1189
E-Mail: anja.meyer@11880.com
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Language: English
Company: 11880 Solutions AG
Fraunhofer Str. 12a
82152 Planegg-Martinsried
Germany
Phone: +49 089 - 89 54 0
Fax: +49 089 - 89 54 10 10
E-mail: info@11880.com
Internet: www.11880.com
ISIN: DE0005118806
WKN: 511880
Indices: Prime All Share
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service