EQS-News

Gigaset AG remains on track in a challenging environment. Slight increase in revenues, sharp improvement in earnings – Gigaset AG presents 2022 half-yearly report.

EQS-News: Gigaset AG / Key word(s): Quarterly / Interim Statement/Half Year Report Gigaset AG remains on track in a challenging environment. Slight increase in revenues, sharp improvement in earnings – Gigaset AG presents 2022 half-yearly report. 27.09.2022 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. Press release Bocholt, September 27, 2022

Sharp improvement in earnings – Gigaset AG remains on track in a challenging environment
Slight increase in revenues, sharp improvement in earnings – Gigaset AG presents 2022 half-yearly report.

• Consolidated revenues in the first six months rise by 1,4 % year on year
• EBITDA increases by 37.2% year over year in the first half
• Professional segment performs strongly (31.7% increase in revenues)

Bocholt, September 27, 2022 – Gigaset AG (ISIN: DE0005156004), an internationally operating company in the area of communications technology, today published its report for the second quarter and the first half of 2022. Despite the overall economically challenging situation caused by the ongoing Corona pandemic and the resulting shortage of materials, the fighting in Ukraine, as well as interest rate increases, inflation and recession fears, the company recorded a slight increase in sales in the second quarter (+1.3%). EBITDA for the period April to June 2022 doubled to €5.3 million. Revenues in the first half of the year also rose slightly by 1,4 % and were thus in line with the expectations the company had communicated. EBITDA increased far more sharply by 37.2%.

Revenues in the second quarter of 2022 were €52.2 million, compared with €51.5 million in Q2 2021. Earnings before interest, taxes, depreciation and amortization (EBITDA) doubled year over year to €5.3 million (Q2 2021: €2.7 million). Revenues in the first half of 2022 rose slightly to €103.4 million following €102.0 million in the same period of the previous year. EBITDA in the first half of 2022 was €5.8 million, well up on the previous year (H1 2021: €4.2 million), despite the fact that material costs increased further as a result of higher material and commodity prices. However, personnel expenses were reduced slightly.