Key Developments: Gigaset AG (GGS.DE)

GGS.DE on Xetra

0.80EUR
15 Aug 2014
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Latest Key Developments (Source: Significant Developments)

Gigaset AG confirms FY 2014 outlook
Thursday, 7 Aug 2014 01:25am EDT 

Gigaset AG:Confirms its FY 2014 outlook it gave when the 2013 Annual Report published on March 26.Gigaset expects for FY 2014 in the Business Units Consumer Products, Business Customers and Home Networks (excluding tablets and mobile) a decline in revenue from continuing operations in a high single-digit to low double-digit percentage range.Expects EBITDA to improve sharply year on year and to be positive again and an EBITDA margin in the upper single-digit percentage range thanks to the positive impact expected from the efficiency programs.In addition, Gigaset expects additional revenues from tablet and smartphone business, however, they are difficult to predict due to the early stage of the joint activities with Goldin Fund Pte. Ltd., Singapore.FY 2014 revenues at 349.80 mln euros (2013: 377.12 mln euros), EBITDA at 23.60 mln euros (2013: 7.49 mln euros)-Thomson Reuters I/B/E/S.  Full Article

Gigaset AG CFO to leave company as of Dec. 31, 2014
Wednesday, 30 Jul 2014 02:14am EDT 

Gigaset AG:Says CFO Alexander Blum to leave company as of Dec. 31, 2014.  Full Article

Gigaset AG repays all bank debts and completes restructuring of funding base
Thursday, 24 Jul 2014 03:55am EDT 

Gigaset AG:Says repays all bank debts and completes extensive restructuring of its funding base.Says repaid all its financial liabilities, including all unpaid interest, totaling 25.0 million euros.Says this was made possible by proceeds from recent capital measures that brought in net sum of 33.9 million euros.Says in addition will save around 1.5 million euros year in interest payments.  Full Article

Gigaset AG resolves upon issuance of new shares and convertible bonds with subscription rights
Wednesday, 25 Jun 2014 02:15am EDT 

Gigaset AG:Resolves upon issuance of new shares and convertible bonds with subscription rights.Says issue price per new share amounts to 1.00 euro.Says issue price per convertible bond amounts to 1.00 euro.Increases share capital by 25.1 million euros by issuing 25.1 million bearer shares of common stock without par value against cash contributions.Says to use proceeds from issuance of shares of 24.6 million euros and from issuance of bonds of about 9.3 million euros to retire debt.  Full Article

Gigaset AG issues FY 2014 guidance
Wednesday, 26 Mar 2014 02:55am EDT 

Gigaset AG:Expects a decline in revenue in continued operations in a high single-digit to low double-digit percentage range for 2014.EBITDA to improve sharply year on year and to be positive again and an EBITDA margin in the upper single-digit percentage range for 2014.A negative free cash flow in the low double-digit million range for 2014.  Full Article

Gigaset AG announces court ruling reduces cartel fine by 1 million euro in its 2009 SKW Stahl Metallurgie Holding AG case
Thursday, 23 Jan 2014 01:23pm EST 

Gigaset AG:Announces the European Court of First Instance partly followed the legal opinion of Gigaset AG and has reduced the fine imposed on the company by the European Commission in its 2009 SKW Stahl Metallurgie Holding AG (SKW) case by 1 million euro. Gigaset's further claims were dismissed.Says in parallel to the case which was closed, Gigaset AG had brought a lawsuit in front of the civil courts against SKW. Gigaset argued that SKW, having directly participated in the cartel, should bear the fine completely by itself, and as such reimburse Gigaset AG for the amount already paid.Says this case has to date not brought clarity about the legally correct distribution of fines imposed 'jointly and severally' among SKW (as the direct participant of the cartel) and Gigaset AG as former ultimate parent which was only held co-liable for SKW's illegal behavior.Says the legal question is currently discussed in front of the German Federal Court (Bundesgerichtshof), who has requested the European Court of Justice, on Jul. 9, 2013, for a preliminary ruling.  Full Article

Court of Justice of the European Union confirms antitrust fine levied onto companies of SKW Stahl Metallurgie Holding AG in 2009
Thursday, 23 Jan 2014 07:40am EST 

SKW Stahl Metallurgie Holding AG:Announces that the Court of Justice of the European Union rejected the claim of nullity brought forward by companies of the SKW Metallurgie Group against the antitrust fine of the year 2009.Says Court of Justice of the European Union assessed, by another decision of Jan. 23 relating to the claim of nullity brought forward by Gigaset AG against the same fine, the fine levied onto Gigaset AG at 12.3 million euros; other than that, that claim was rejected as well.  Full Article

Gigaset AG to sell SM Electronic
Wednesday, 22 Jan 2014 04:00am EST 

Gigaset AG:Announces the sale of its subsidiary SM Electronic GmbH to Microelectronic NH GmbH, which is adding SME to its company group as a strategic investment.Says both parties have agreed not to disclose any information on the purchase price.  Full Article

Gigaset AG announces 70 pct success in Evonik lawsuit
Tuesday, 17 Dec 2013 04:26am EST 

Gigaset AG:Announces that it has achieved a 70 pct success in its lawsuit with Evonik Degussa GmbH.Says Evonik had, in May 2012, filed an arbitration case against Gigaset and demanded a penalty payment in the amount of 12 million euros.Says the arbitration panel reduced Evonik's claim to 3.5 million euros and dismissed the rest, bringing Evonik's success rate down to only 30 pct.Says Gigaset had accrued 3.6 million euros in this matter and as such, the award will not impact the annual results.Says Gigaset will however examine the arbitration award in detail to determine whether the decision requires review by means of a annulment request ('Aufhebungsantrag') in front of a public court.  Full Article

Gigaset AG moves into tablet market
Thursday, 28 Nov 2013 05:16am EST 

Gigaset AG:Says it is entering the tablet market with two new Android-based tablet models in an 8' and 10.1' format.  Full Article

BRIEF-Gigaset Q2 consolidated revenue from continuing operations of EUR 82.0 million

Aug 7 - Gigaset AG : * Says consolidated revenue from continuing operations in Q2: EUR 82.0 million

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