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