Ad-hoc | 7 March 2017 13:30
Gigaset AG / Key word(s): Preliminary Results
07-March-2017 / 13:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Ad hoc Message
WKN: 515600 / WKN A14KQ7
Munich, March 7, 2017
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