Gigaset enters next phase of its transformation

Back in 2012, Gigaset’s CEO Charles Fränkl spelled out as part of the “Strategy 2015” that the company was moving toward a medium-sized organization. Changing markets make it neces-sary to abandon the established (cost) structures of a big business concern and to address new growth areas with a more dynamic setup. As the next step in this process, Gigaset today announced plans to transform the company in the business segment of cordless phones for private customers.

Figures for the 3rd quarter of 2015: Gigaset improves consolidated net income, in particular due to reorganization of trademark rights

* Consolidated revenue of €208.4 million (Q3/2014: €218.9 million)

* EBITDA of €21.6 million (Q3/2014: €8.1 million)

* Consolidated net income of minus €0.4 million (Q3/2014: minus €11.2 million)

* Free cash flow: minus €30.7 million (Q3/2014: minus €19.3 million)

* CEO Charles Fränkl: “We’ve entered the smartphone market and achieved a further milestone. Now we have to successfully establish the new products on the market to counter the decline in revenue in our core business.”