DGAP-Adhoc
Gigaset AG: Gigaset to expect profit for fiscal year 2016
DGAP-Ad-hoc: Gigaset AG / Key word(s): Preliminary Results
Ad hoc Message |
Gigaset to expect profit for fiscal year 2016
Munich, March 7, 2017 [12:15 o'clock] - Gigaset AG expects a profit of EUR4
million on the basis of the provisional unaudited figures with an overall
turnover of EUR282 million for fiscal year 2016 due to the successful
realignment of the company. EBITDA* increased from EUR11 to EUR28 million.
For the first time in several years, the company will also generate a
positive free cash flow of EUR7 million, which is due to cost savings and a
shift in expenditures and taxes to the year 2017.
* EBITDA i.e. result from core business before scheduled depreciation
Contact: Raphael Dörr, Head of Corporate Communications & Investor
Relations, Phone. : +49 (0)89 444456-866, Email: info.presse@gigaset.com
Gigaset AG, Munich, is an internationally operating company in the area of
communications technology. The company is Europe's market leader in DECT
telephones. The premium supplier is likewise the leader worldwide with
around 1,000 employees and sales activities in around 70 countries. Under
the name Gigaset pro, the company continues to develop and market
innovative business telephony solutions for small and medium-sized
enterprises. The company also operates in the smart home arena. Cloud-based
security solutions are developed and marketed under Gigaset elements.
Gigaset AG is listed in the Prime Standard of Deutsche Börse and is
therefore subject to the highest transparency requirements. Its shares are
traded on the Frankfurt Stock Exchange under the symbol GGS (ISIN:
DE0005156004).
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Language: | English |
Company: | Gigaset AG |
Bernhard-Wicki-Straße 5 | |
80636 München | |
Germany | |
Phone: | +89 444456 - 866 |
Fax: | +89 444456 - 930 |
E-mail: | info@gigaset.com |
Internet: | www.gigaset.com |
ISIN: | DE0005156004 |
WKN: | 515600 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
End of Announcement | DGAP News Service |
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