Gigaset AG adjusts 2019 outlook

Munich, November 19, 2019 [14:33 pm] - 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.

The company now expects consolidated sales to be below the previous year. The actual revenue to be generated in 2019 will also depend to a large extent on the typically volatile year-end sales.

The outlook for expected EBITDA at the previous year's level as well as a considerable improvement in free cash flow remains unchanged.

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