EQS-News

Gigaset AG presents report on the first quarter of 2023. Strong start to the year. Consolidated revenues increase significantly by 12.7% year over year.

EQS-News: Gigaset AG / Key word(s): Quarterly / Interim Statement/Quarter Results Gigaset AG presents report on the first quarter of 2023. Strong start to the year. Consolidated revenues increase significantly by 12.7% year over year. (news with additional features) 25.05.2023 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. Press release Bocholt, May 25, 2023

Gigaset AG presents report on the first quarter of 2023
Strong start to the year: Consolidated revenues increase significantly by 12.7% year over year

• Phones segment shines with year-on-year growth of 13.9%
• Professional B2B segment (+11.2%) and Smartphones segment (+11.9%) post sharp double-digit revenue growth
• EBITDA rises significantly to EUR 2.1 million

Bocholt, May 25, 2023 – Gigaset AG (ISIN: DE0005156004), a leading international company in the area of communications technology, today published its report for the first quarter of 2023. Gigaset recorded an appreciable 12.7% increase in revenues. EBITDA was more than doubled.

The company posted total revenues of EUR 57.7 million (Q1 2022: EUR 51.2 million) and earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR 2.1 million (Q1 2022: EUR 0.8 million) in the first quarter of 2023.

“The first quarter shows that the new corporate strategy is bearing fruit,” says Dr Magnus Ekerot, CEO of Gigaset AG. “The focus on our way of working, a customer-centric portfolio of products and solutions, and a clearly aligned go-to-market approach have been able to deliver results and growth within a short space of time. Effective collaboration, innovative products and maximum focus in everything we do are our maxims. By managing these controllable factors ourselves, we achieve stronger customer loyalty, differentiating products and greater cost efficiency and profitability. We are committed to quality products and solutions ‘Made in Germany’ and to dedicated sustainability initiatives.”