Corporate | 31 March 2011 13:33
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Gigaset AG / Key word(s): Miscellaneous
After the close of the first two months of the current financial year, the Executive Board of Gigaset AG issues a guidance for 2011. The Board expects revenues of EUR 540 million with an EBITDA of EUR 57 million. The guidance was based on the successful first two months, and the expected performance of the individual companies (development of profitability). The positive response to the launch of new products (e.g. Gigaset pro and accessories) is an encouraging indication for the rest of the fiscal year. 'The effects of new acquisitions have not been considered in the current guidance yet.' says the new Gigaset AG CFO, Dr. Alexander Blum. Gigaset AG , Munich, is a worldwide operating company focusing on telecommunication and accessories. Gigaset AG is the parent company of the Gigaset Group, the leading producer of cordless phones worldwide and the market leader in Europe for DECT phones.
The Gigaset AG shares are traded in the TecDAX of the Frankfurt Stock Exchange. Symbol: AQU, ISIN: DE0005156004.
End of Corporate News 31.03.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| Language: | English | |
| Company: | Gigaset AG | |
| Hofmannstraße 61 | ||
| 81379 München | ||
| Deutschland | ||
| Phone: | +49 89/255500-0 | |
| Fax: | +49 89/255500-200 | |
| E-mail: | klaus.franke@gigaset.com | |
| Internet: | www.gigaset.com | |
| ISIN: | DE0005156004 | |
| WKN: | 515600 | |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart | |
| End of News | DGAP News-Service |
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| 117861 31.03.2011 |