• Gigaset to expect profit for Fiscal Year 2016

    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 pos-itive free cash flow of €7 million, which is due to cost savings and a shift in expenditures and taxes to the year 2017.

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