2013 annual results: Gigaset rigorously continues its reconstruction. Crucial steps to stabilize the company reap success.
Gigaset AG has been able to report a positive EBITDA – of €11.0 million – in 2013 for the first time since fiscal 2011. This is due in particular to the positive effects to an amount of €30 million a year from the efficiency program that was announced in 2012. The program has been accomplished to its full extent. These effects will now be fully felt as of fiscal 2014. The declining market for cordless phones meant revenue from continuing operations fell by 11.5 percent to €371.2 million. Capital...read more