DGAP-News

Gigaset AG: Preliminary results for 2012: Sales and earnings within expectations - Initial savings from restructuring for 2013 secured

DGAP-News: Gigaset AG / Key word(s): Preliminary Results
Gigaset AG: Preliminary results for 2012: Sales and earnings within
expectations - Initial savings from restructuring for 2013 secured

08.02.2013 / 08:00

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Preliminary results for 2012:

Sales and earnings within expectations -

Initial savings from restructuring for 2013 secured

  - Consolidated sales from continuing operations almost EUR 420 million in
    2012

  - EBITDA EUR -5.8 million in 2012 due to non-recurring special effects
    for restructuring and costs for establishing new business segments

  - Without non-recurring special effects, the group would have posted a
    positive EBITDA

  - More than EUR 12 million in permanent savings secured for 2013 from
    personnel measures alone

  - Free cash flow EUR +2.5 million in the fourth quarter

  - Further increase in market share in a difficult climate

Munich, February 8, 2013. Pursuant to preliminary, unaudited figures,
Gigaset AG will remain within its forecast for fiscal year 2012. Without
non-recurring special effects, the group would have posted a positive
EBITDA. Gigaset AG has secured more than EUR 12 million in permanent
savings for 2013 from personnel measures alone. The whole cost-cutting and
efficiency program, which also comprises reducing non-personnel and service
costs, is to achieve total savings of EUR 30 million and will unfold its
full impact in 2014.

Thanks to good Christmas trade, Gigaset AG was able to grow its market
share further in its digital cordless phones core business in the fourth
quarter of 2012 by 2 percentage points in terms of units and by 2
percentage points in terms of sales in the European markets it observes.
The overall market for cordless phones in Europe declined by around 12
percent in terms of sales in 2012.  The free cash flow in the fourth
quarter of 2012 was positive at EUR 2.5 million.

  - Consolidated sales from continuing operations in 2012: EUR 419.6
    million (2011: EUR 458.6 million)

  - EBITDA from continuing operations in 2012: EUR -5.8 million (2011: EUR
    51.5 million)

  - Consolidated earnings from continuing operations in 2012: EUR -28.1
    million (2011: EUR 20.5 million)

  - Free cash flow from continuing operations in 2012: EUR -34.5 million
    (2011: EUR 22.5 million)

´Sales and earnings meet our expectations from a year of radical change.
The measures to increase our efficiency are reaping initial effects. We are
fully on schedule to achieve our ambitious goal of permanently cutting
costs by EUR 30 million a year. We aim to keep on implementing our new
strategy unswervingly in 2013 and tap new business segments to compensate
for our declining core business in the mid-term, ´ said Gigaset CEO Charles