Munich, March 7, 2017 [12:15 o’clock] – Gigaset AG expects a profit of €4 million on the basis of the provisional unaudited figures with an overall turnover of €282 million for fiscal year 2016 due to the successful realignment of the company. EBITDA* increased from €11 to €28 million. For the first time in several years, the company will also generate a positive free cash flow of €7 million, which is due to cost savings and a shift in expenditures and taxes to the year 2017.
* EBITDA i.e. result from core business before scheduled depreciation