• Gigaset to expect profit for Fiscal Year 2016

    Gigaset AG expects a profit of €4 million on the basis of the provisional unaudited figures with an overall turnover of €282 million for fiscal year 2016 due to the successful realignment of the company. EBITDA increased from €11 to €28 million. For the first time in several years, the company will also generate a pos-itive free cash flow of €7 million, which is due to cost savings and a shift in expenditures and taxes to the year 2017.

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  • Figures for the 3rd quarter of 2016: Group reorganization taking effect – significant improvement in key figures

    * Result from core business before depreciation and amortization increases sharply to €12.3 million (Q3 2015: -€4.9 million)

    * Consolidated net loss for the year falls significantly to €0.4 million (Q3 2015: net loss of €14.7 million)

    * Consolidated revenue of €192.1 million (Q3 2015: €208.4 million)

    * Free cash flow improves by €11.4 million to minus €19.3 million (Q3 2015: minus €30.7 million)

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