Munich, February 23, 2016 - Following a good fourth quarter, Gigaset AG expects to post consolidate revenue of €305 million for fiscal year 2015. Operating income before depreciation and amortization, special effects and expenses for restructuring will be between €10 and €13 million.
Depending on the progress made in the ongoing negotiations with the social partners, however, restructuring provisions will need to be set up, meaning that operating income before taxes and interest is expected to be in the low negative double-digit million range.
In agreement with the auditors, the Executive Board decided today not to carry the net proceeds of €20.6 million from sale of the trademarks in the 2015 annual financial statements, unlike in the quarterly financial statements at September 30, 2015. The agreement remains effective, but the trademark rights have not been transferred since the purchase price payments have not yet been made.
The Executive Board of Gigaset AG will publish the complete and audited financial statements on April 15, 2016.