DGAP-News

Focus: Gigaset's Executive Board presents three-point plan

DGAP-News: Gigaset AG / Key word(s): Preliminary Results
Focus: Gigaset's Executive Board presents three-point plan

23.02.2016 / 10:13
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Focus: Gigaset's Executive Board presents three-point plan

- The goal is to achieve a sustainable return to profitable growth

- The key cornerstones are strengthening core business and extensive
structural and cost adjustments

- Presentation of the detailed concept with presentation of the Annual
Report in April 2016

After around eight weeks in office, the new Gigaset AG CEO Klaus Weßing and
CFO Hans-Henning Doerr, who was also newly appointed to the position just
before Christmas, have completed the first phase of the systematic analysis
and corporate planning. The new management team is now presenting a
three-point plan outlining the cornerstones of the future alignment of the
communications technology specialist.

"We want to give Gigaset clear prospects," states Klaus Weßing, CEO of
Gigaset AG. "We know the challenges, but in the past weeks have identified
much that we can build on." Our three-point plan summarizes the measures
which will allow Gigaset to enjoy healthy growth again over the long term."

The company is relying on

(1) Strengthening core business

(2) Adjusting production and administrative capacities and

(3) Improving transparency

Strengthening core business
Gigaset will strengthen its three business segments of Private Customers,
Business Customers and Home Networks in a targeted way and thus further
develop its core business. Growth levers have been identified in all
segments and will be Gigaset's focus. In the Private Customers segment,
they include the new Gigaset GO series, which benefits from the change in
technology to IP telephony, and the likewise new Gigaset HX series, which
offers a premium alternative in the growing handset market and should help
the company win market share in future.

In the Business Customers segment, Gigaset is likewise relying on IP
technology and the success of its premium business phone Maxwell 10.
Expansion of the Maxwell product line and a broader range of
telecommunications systems for enterprises are intended to further boost
the company's revenue, which has been growing recently at a double-digit
rate.

In the Home Networks segments, the number of customers is to be grown
mainly through an intensified and focused marketing strategy. Home Networks
offers security solutions for the home that can be customized quickly and
easily. Apart from high-quality sensors, cameras and sirens from Gigaset,