11880 Solutions AG adjusted its forecast published at the beginning of the year. The company now expects to close the financial year 2016 with an EBITDA of around negative 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.