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    DGAP-News  507  0 Kommentare Gigaset continues realignment


    DGAP-News: Gigaset AG / Key word(s): Half Year Results/Quarter Results
    Gigaset continues realignment

    06.08.2015 / 07:55

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    Press Release
    Munich, August 6, 2015

    Figures for the 1st half of 2015:

    Gigaset continues realignment

    - Consolidated revenue of EUR142.6 million (H1/2014: EUR147.0 million)

    - EBITDA of EUR1.7 million (H1/2014: EUR2.3 million)

    - Consolidated net income of minus EUR9.0 million (H1/2014: minus EUR10.9
    million)

    - Free cash flow of minus EUR24.0 million (H1/2014: minus EUR26.9
    million)

    - Revenue in the Business Customers growth business up 18% year on year
    in the first six months

    - Revenue in the Home Networks growth business jumps 71% year on year in
    the first six months

    - Leading position in cordless phone market retained

    - Portfolio of smartphones to be presented at IFA

    - CEO Charles Fränkl: "The realignment of Gigaset is continuing unabated.
    The presentation of our first smartphones at IFA and hence our entry
    into a market that is many times larger than our existing core
    business, marks the next milestone."

    After an initially good start into the new fiscal year in the first
    quarter, which saw rising revenue and break-even consolidated net income,
    the positive trend stalled in the second quarter. Similar to previous
    years, revenue resumed its decline, falling by 12 percent. The seasonally
    poor free cash flow performance was weighed down further by additional
    one-time factors, such as outflows due to a voluntary program to reduce
    personnel costs and payments under the settlement with Evonik.

    The decrease in revenue is due to both the consolidation of the sales
    regions according to aspects of profitability and the general decline in
    the market. Compared with the prior-year quarter, the cordless phone market
    contracted 4.7% by number of units and 2.0% by revenue. Gigaset was able to
    maintain its clear premium position over the competition: its portfolio
    achieved an average sales price which was 20% above that of its
    competitors. In the critical European core markets, Gigaset had high market
    shares again in the second quarter of 2015, achieving 32.5% by revenue and
    28.4% by number of units.

    Because of the continuing challenging development in the cordless phone
    business, Gigaset is making further investments in promising business
    segments and product groups. Although these will make additional
    contributions to revenue, they will only partially compensate for the
    market-related decline in cordless phones this year. In line with this
    strategic realignment, the Gigaset Group is about to make one of the most
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    DGAP-News Gigaset continues realignment DGAP-News: Gigaset AG / Key word(s): Half Year Results/Quarter Results Gigaset continues realignment 06.08.2015 / 07:55 --------------------------------------------------------------------- Press Release Munich, August 6, 2015 Figures for the 1st …