Gigaset AG announces preliminary figures for financial year 2011 Significant increase in profitability

  • Revenues of EUR 521 million 
  • EBITDA at EUR 54 million
  • EPS at EUR 0.36

 

In the past year the Gigaset Group significantly improved its profitability and far exceeded its EBITDA  compared to last year. According to preliminary calculations, the company generated revenues of EUR 521 million and an EBITDA of EUR 54 million in the financial year 2011. The Executive Board anticipates earnings per share (diluted) of EUR 0.36.

In the past year the Gigaset Group significantly improved its profitability and far exceeded its EBITDA  compared to last year. According to preliminary calculations, the company generated revenues of EUR 521 million and an EBITDA of EUR 54 million in the financial year 2011. The Executive Board anticipates earnings per share (diluted) of EUR 0.36. Revenues and EBITDA almost reached the forecast values despite weaker economic growth in many parts of Europe during 2011, especially during the fourth quarter. The effects of the product warning due to faulty batteries purchased additionally and the delivery bottleneck caused were in the low single-digit million range. While consolidated revenues decreased as forecast from EUR 1.0 billion to EUR 521 million due to the deconsolidation of subsidiaries, the previous year’s figures of both the EBITDA at EUR 54 (previous year: EUR 3 million) as well as the earnings per share at EUR 0,36 (previous year: EUR -3.45) were clearly exceeded and prove the successful realignment of the company during the last fiscal year.

The corporate financial position has also improved significantly compared to the previous year. Cash and cash equivalents increased by 70% to EUR 62 million (2010: EUR 37 million), and shareholders’ equity at EUR 77 million (2010: EUR 35 million) more than doubled compared to the previous year. "The clearly positive results as well as the development in shareholders’ equity and cash are very encouraging. The realignment of the Gigaset Group has succeeded," said Dr. Alexander Blum, Chief Financial Officer of Gigaset AG.

 

 

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.

Contact:
Gigaset AG
Kerstin Diebenbusch
Investor Relations
Tel.: +49 (0)89 444456-937
E-Mail: info@gigaset.com

 

 

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