- Consolidated sales from continuing operations almost EUR420 million in 2012- EBITDA EUR –5.8 million in 2012 due to non-recurring special effects for restructuring and costs for establishing new business segments- Without non-recurring special effects, the group would have posted a positive EBITDA - More than EUR12 million in permanent savings secured for 2013 from personnel measures alone- Free cash flow EUR +2.5 million in the fourth quarter- Further increase in market sharein a difficult climate
Pursuant to preliminary, unaudited figures, Gigaset AG will remain within its forecast for fiscal year 2012. Without non-recurring special effects, the group would have posted a positive EBITDA. Gigaset AG has secured more than EUR12 million in permanent savings for 2013 from personnel measures alone. The whole cost-cutting and efficiency program, which also comprises reducing non-personnel and service costs, is to achieve total savings of EUR30 million and will unfold its full impact in 2014.
Thanks to good Christmas trade, Gigaset AG was able to grow its market share further in its digital cordless phones core business in the fourth quarter of 2012 by 2 percentage points in terms of units and by 2 percentage points in terms of sales in the European markets it observes. The overall market for cordless phones in Europe declined by around 12 percent in terms of sales in 2012.* The free cash flow in the fourth quarter of 2012 was positive at EUR2.5 million.
- Consolidated sales from continuing operations in 2012: EUR419.6 million (2011: EUR 458.6 million)- EBITDA from continuing operations in 2012: EUR–5.8 million (2011: EUR 51.5 million)- Consolidated earnings from continuing operations in 2012: EUR–28.1 million (2011: EUR20.5 million)- Free cash flow from continuing operations in 2012: EUR–34.5 million (2011: EUR 22.5 million)
"Sales and earnings meet our expectations from a year of radical change. The measures to increase our efficiency are reaping initial effects. We are fully on schedule to achieve our ambitious goal of permanently cutting costs by EUR 30 million a year. We aim to keep on implementing our new strategy unswervingly in 2013 and tap new business segmentsto compensate for our declining core business in the mid-term," said Gigaset CEO Charles Fränkl.
Gigaset AG will publish the detailed business figures for the fourth quarter and the whole of 2012 as planned on March 28, 2013.
You can find an additional appraisal of the preliminaryresults in their context by CEO Charles Fränkl here: blog.gigaset.com.
Gigaset AG, Munich, is an internationally operating company in the area of communications technology. The company is Europe's market leader in DECT telephones. The premium supplier ranks second worldwide with around 1,600 employees and a market presence in around 70 countries.
Gigaset AG is listed on the Prime Standard of Deutsche Börse and so is subject to the very highest requirements for transparency. Its shares are traded on the Frankfurt Stock Exchange under the symbol ‘GGS’ (ISIN: DE0005156004).
Stefan Zuber, Corporate Communications Kerstin Diebenbusch, Investor Relations
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*The data is taken from surveys by the Retail Panel for Cordless Phones of GfK Retail and Technology GmbH in Belgium, Germany, France, the UK, Italy, the Netherlands, Austria, Poland, Switzerland, Spain and Russia. Survey period: 2012; base: GfK Panel Market.