Close on 250 shareholders and guests gathered at the Alte Kongresshalle (Old Congress Hall) in Munich for the Gigaset AG annual general meeting on June 12, 2012.
In his address, Charles Fränkl, CEO of Gigaset AG, presented the key points of the new growth strategy. Charles Fränkl said: "The strategy “Gigaset 2015" is our response to the digital transformation. We continue to develop our core business consistently through innovation and envisage great opportunities for IP-based applications for business customers. In our new segment of domestic networking, we will be presenting initial prototypes at the IFA 2012 in Berlin in September."
In the future Gigaset will consistently utilise its growth opportunities in three segments. In the stable core business of cordless voice, the communications enterprise will profit from innovations and as a driver of market consolidation. In the business customers market, Gigaset will focus on IP-based products for small and medium-sized businesses. This market grows by 20 percent annually. Finally, Gigaset aims at making the Gigaset stations installed in 75 million households into a control centre for networking in the home. In this area Gigaset will open up a mass market that grows by 40 percent annually. In the home networks segment, the communications specialist will benefit from its well-known brand, good sales and distribution, and an experienced development team. As previously announced, the strategic key points will be substantiated on August 8.
All points of resolution were adopted by a large majority, including the resolution to authorise the Executive Board to issue option bonds and/or convertible bonds, and to purchase own shares. Both the Executive Board and the Supervisory Board were granted formal approval of their actions for the fiscal year 2011.
Details regarding the voting results will be published on this website in the next few days.
Gigaset AG, Munich, is a worldwide operating company in the telecommunication and accessories sector. The company is a leading global producer of cordless phones and Europe’s market leader in DECT phones. Internationally, the premium provider with 1,600 employees is represented in more than 70 countries and is ranked in third place in its sector.
The Gigaset AG shares are traded in the TecDAX (Prime Standard) of the Frankfurt Stock Exchange. Symbol: GGS, ISIN: DE0005156004.
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