Munich, March 17th, 2020 [17:31 pm] - Based on current information and assessments, the Executive Board of Gigaset AG today came to the conclusion that the forecast according to which EBITDA is expected to be at the previous year's level in 2019 needs to be adjusted positively.
Despite consolidated revenues of approximately EUR 258 million (previous year: EUR 280.3 million), EBITDA is expected to increase to approximately EUR 28.5 million (previous year: EUR 22.1 million) according to preliminary, unaudited data. The EBITDA includes one-time special effects in the amount of approximately EUR 7 million. Consequently, the margin quality has improved compared to 2018, even without taking the special effects into account. As expected, the free cash flow improved significantly compared to the previous year to probably approximately EUR 1.2 million (previous year EUR -24.1 million).