Gigaset AG expects a positive income from ordinary activities for 2016 after successful first two quarters

Gigaset AG is back in the black, reporting a positive income from ordinary activities (income before taxes) €0.6 million after a loss of €9.3 million in the previous year. EBIT* improved by €16.7 million to €1.4 million.

Accordingly the Executive Board of Gigaset AG raises the outlook for the full year 2016. The company now expects:

- a positive income from ordinary activities (income before taxes),
- an EBITDA of around €20 million and
- a positive free cash flow from business operations, which will be slightly negative solely due to tax payments from past years.

 

 

*EBIT i.e. result from core business after scheduled depreciation

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