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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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Hongbin (Hadwin) He leaves Executive Board
Mr. Hongbin (Hadwin) He, who was appointed to the Executive Board of Gigaset AG on 1.9.2015, has today resigned in writing from his position for personal reasons and with immediate effect.
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Gigaset AG reports provisional numbers for 2015
Gigaset AG reports provisional numbers for 2015: Earnings before taxes and after special effects expected to be in the low negative double-digit million range.
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Gigaset AG re-staffs Executive Board
The Supervisory Board of Gigaset AG has, in its meeting on December 15, 2015 appointed Mr. Klaus Weßing and Mr. Hans-Henning Doerr as new CEO and CFO with immediate effect. Mr. Charles Fränkl and Mr. Kai Dorn were recalled as members of the Executive Board.
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Gigaset enters next phase of its transformation
Due to a declining market outlook, during the next three years the Gigaset Group will entirely realign the business segment of cordless phones for private customers. In this context the company plans, inter alia, to gradually cut around 550 out of 1,250 jobs worldwide by the end of 2018.
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Yang Yuefeng leaves Executive Board
Mr. Yang Yuefeng, who was appointed to the Executive Board of Gigaset AG on 1.6.2015, has today resigned in writing from his position for personal reasons and with immediate effect.
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Gigaset Group reorganizes brand and domain portfolio
The Executive Board and Supervisory Board of Gigaset AG agreed under the resolu-tions they adopted today that Gigaset Communications GmbH, a subsidiary that is wholly owned indirectly by Gigaset AG, is to extensively reorganize its brand portfolio.
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Gigaset AG strengthens executive board
The Supervisory Board of Gigaset AG has, in its meeting on 28 May 2015, appointed Mr. Yuefeng Yang and Mr. Guoyu Du as members of the Executive Board of the Company. Both appointments become effective 1 June 2015 and expire 31 December 2017.
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