DGAP-News

Gigaset rigorously continues its reconstruction. Crucial steps to stabilize the company reap success.

DGAP-News: Gigaset AG / Key word(s): Final Results
Gigaset rigorously continues its reconstruction. Crucial steps to
stabilize the company reap success.

26.03.2014 / 07:55

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2013 annual results:

Gigaset rigorously continues its reconstruction.
Crucial steps to stabilize the company reap success.

- Consolidated revenue from continuing operations in 2013: EUR 371.2
million (-11.5 percent)

- EBITDA from continuing operations improves to EUR +11.1 million
(EUR -2.8 million in 2012 )

- New efficiency program to cut costs by EUR 17.5 million adopted

- Business Customer Business Unit grows revenue by 19 percent

- CFO Dr. Alexander Blum: "Last year, we were able to complete critical
steps toward the stabilization of Gigaset. The successful resolution of
financing measures has significantly strengthened our capital base. The
effective implementation of the efficiency program has greatly improved
our profitability.""

Munich, March 26, 2014. Gigaset AG has been able to report a positive
EBITDA - of EUR11.0 million - in 2013 for the first time since fiscal 2011.
This is due in particular to the positive effects to an amount of EUR30
million a year from the efficiency program that was announced in 2012. The
program has been accomplished to its full extent. These effects will now be
fully felt as of fiscal 2014. The declining market for cordless phones
meant revenue from continuing operations fell by 11.5 percent to EUR371.2
million. Capital resources improved thanks to the successful capital
measures. The equity ratio rose to 14.5 percent (equity ratio in Q3/2013:
3.6 percent).

The overall market for cordless phones in Europe declined by around 14
percent in terms of revenue in 2013. Gigaset was able to maintain its high
market share in cordless voice phones in fiscal 2013 and even expand it
slightly to 34.7 percent in its focal European markets. In order to
compensate for drops in revenue in its core business in the medium and long
term, Gigaset entered the home networks segment, a solution market that is
growing strongly according to observers, by launching "Gigaset elements" in
the third quarter. Gigaset also put its first tablet PCs on the market in
December.

Gigaset business numbers for 2013 are as follows:

- Consolidated revenue from continuing operations in 2013: EUR371.2
million (2012: EUR419.6 million)

- EBITDA from continuing operations in 2013: EUR11.0 million (2012:1 EUR