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Gigaset AG adjusts 2019 outlook
Based on current information, the Executive Board of Gigaset AG today came to the conclusion that the previously expected slight increase in revenue compared with 2018 is unlikely to be achieved.
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Chairman of the Supervisory Board of Gigaset AG passed away
Today, Gigaset AG has noted with great regret that the Chairman of the Supervisory Board, Mr. Bernhard Riedel (57), who has been in this position since March 22, 2013, has passed away today.
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Stephan Mathys leaves Gigaset AG
Mr. Stephan Mathys, CFO of Gigaset AG, has decided, for personal reasons and in consens with the Supervisory Board, to resign from the Executive Board of Gigaset AG with immediate effect.
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Gigaset AG adjusts free cash flow and revenue expectations for 2018
Executive Board today came to the conclusion that the previously expected revenue increase of a high single-digit million amount is unlikely to be achieved.
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Supervisory Board of Gigaset AG approves financing for investments of up to EUR 20 million
Today, the Supervisory Board of Gigaset AG approved investments of up to EUR 20 million. The credit agreement to be concluded between Gigaset Communications GmbH, a subsidiary of Gigaset AG, and a German regional bank as book runner has a term of 4.5 years and aims to expand the product portfolio in order to tap into new sales potentials.
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Gigaset appoints Stephan Mathys as new Chief Financial Officer
Today the Supervisory Board of Gigaset AG appointed Stephan Mathys (49) as new Chief Financial Officer (CFO) and member of the board of Gigaset AG for three years with effect from February 1, 2018.
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Hans-Henning Doerr leaves Gigaset AG
Mr. Hans-Henning Doerr, CFO of Gigaset AG, has decided, for per-sonal reasons, not to extend his employment contract expiring at December 31st, 2017. Mr. Doerr has been released with immediate effect.
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Gigaset to expect profit for fiscal year 2016
Munich, March 7, 2017 [12:15 o’clock] – 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 positive 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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Gigaset Communications GmbH expands smartphone business and terminates market transaction agreement with Goldin
On December 14, 2016 the company decided to expand the "smartphone" segment. In the future, the company also wants to cooperate with partners outside the Goldin-Group to produce smartphones marketed under the "Gigaset" trademark.
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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.
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