DGAP-News
Gigaset breaks even
DGAP-News: Gigaset AG / Key word(s): Quarter Results
Gigaset breaks even
21.05.2015 / 07:50
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Press Release
Munich, May 21, 2015
Figures for the 1st quarter of 2015:
Gigaset breaks even
- Consolidated revenue rises to EUR70.1 million (Q1/2014: EUR65 million)
- EBITDA improves to EUR8.8 million (Q1/2014: minus EUR7.7 million)
- Positive consolidated net income of EUR0.8 million (Q1/2014: minus
EUR12.2 million)
- Free cash flow improves to minus EUR18.2 million (Q1/2014: minus
EUR28.0 million)
- CEO Charles Fränkl: "The new business segments are making a growing
contribution to revenue. Revenue at the Business Customers Business
Unit rose by 23 percent compared with the first quarter of 2014.
Revenue from the smart home product Gigaset elements has increased
almost five-fold and the Mobile segment is also increasingly generating
income. That shows the new strategy is having an impact."
Gigaset has got off to a stable start to the new fiscal year. After a long
spell of declining revenue in its core business due to market-related
reasons, revenue in the first quarter increased by 7.9 percent year on
year, despite the fact that the company had withdrawn from unprofitable
regions in 2013. The new growth segments Home Networks, Business Customers
and Mobile also contributed to this positive revenue trend. Revenue at the
Business Customers Business Unit rose by 23 percent compared with the first
quarter of 2014. Revenue from the smart home product Gigaset elements
increased almost five-fold.
Higher revenue, successful efforts to increase efficiency and gains from
foreign exchange hedges also improved profit ratios. After losses in the
same quarter of the previous year, EBITDA and EBIT were well in the black.
Following losses of minus EUR12.2 million, consolidated net income was back
in positive territory at EUR0.8 million. The free cash flow remained
negative at minus EUR18.2 million, not least due to the fact that payables
to suppliers from Christmas trade had to be settled, but improved
significantly year on year. The free cash flow in the same period of the
previous year was minus EUR28.0 million. The equity ratio was lower year on
year due to the continued fall in the level of interest rates used in
Press Release
Munich, May 21, 2015
Figures for the 1st quarter of 2015:
Gigaset breaks even
- Consolidated revenue rises to EUR70.1 million (Q1/2014: EUR65 million)
- EBITDA improves to EUR8.8 million (Q1/2014: minus EUR7.7 million)
- Positive consolidated net income of EUR0.8 million (Q1/2014: minus
EUR12.2 million)
- Free cash flow improves to minus EUR18.2 million (Q1/2014: minus
EUR28.0 million)
- CEO Charles Fränkl: "The new business segments are making a growing
contribution to revenue. Revenue at the Business Customers Business
Unit rose by 23 percent compared with the first quarter of 2014.
Revenue from the smart home product Gigaset elements has increased
almost five-fold and the Mobile segment is also increasingly generating
income. That shows the new strategy is having an impact."
Gigaset has got off to a stable start to the new fiscal year. After a long
spell of declining revenue in its core business due to market-related
reasons, revenue in the first quarter increased by 7.9 percent year on
year, despite the fact that the company had withdrawn from unprofitable
regions in 2013. The new growth segments Home Networks, Business Customers
and Mobile also contributed to this positive revenue trend. Revenue at the
Business Customers Business Unit rose by 23 percent compared with the first
quarter of 2014. Revenue from the smart home product Gigaset elements
increased almost five-fold.
Higher revenue, successful efforts to increase efficiency and gains from
foreign exchange hedges also improved profit ratios. After losses in the
same quarter of the previous year, EBITDA and EBIT were well in the black.
Following losses of minus EUR12.2 million, consolidated net income was back
in positive territory at EUR0.8 million. The free cash flow remained
negative at minus EUR18.2 million, not least due to the fact that payables
to suppliers from Christmas trade had to be settled, but improved
significantly year on year. The free cash flow in the same period of the
previous year was minus EUR28.0 million. The equity ratio was lower year on
year due to the continued fall in the level of interest rates used in
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