DGAP-Adhoc

Gigaset AG reports provisional numbers for 2015: Earnings before taxes and after special effects expected to be in the low negative double-digit million range.

Gigaset AG / Key word(s): Preliminary Results

23.02.2016 10:00

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Following a good fourth quarter, Gigaset AG expects to post consolidate
revenue of EUR305 million for fiscal year 2015. Operating income before
depreciation and amortization, special effects and expenses for
restructuring will be between EUR10 and EUR13 million.

Depending on the progress made in the ongoing negotiations with the social
partners, however, restructuring provisions will need to be set up, meaning
that operating income before taxes and interest is expected to be in the
low negative double-digit million range.

In agreement with the auditors, the Executive Board decided today not to
carry the net proceeds of EUR20.6 million from sale of the trademarks in
the 2015 annual financial statements, unlike in the quarterly financial
statements at September 30, 2015. The agreement remains effective, but the
trademark rights have not been transferred since the purchase price
payments have not yet been made.

The Executive Board of Gigaset AG will publish the complete and audited
financial statements on April 15, 2016.


23.02.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Gigaset AG
Seidlstraße 23
80335 München
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.gigaset.com
ISIN: DE0005156004
WKN: 515600
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart

End of Announcement DGAP News-Service

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