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Gigaset AG (GGS.DE)

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Latest Key Developments (Source: Significant Developments)

Gigaset H1 EBIT rises by EUR 16.7 mln to EUR 1.4 mln
Thursday, 11 Aug 2016 02:03am EDT 

Gigaset AG : Gigaset expects a positive income from ordinary activities for 2016 after successful first two quarters . H1 positive income from ordinary activities (income before taxes) 0.6 million euros ($669,840.00) after a loss of 9.3 million euros in previous year . H1 EBIT improved by 16.7 million euros to 1.4 million euros . Raises outlook for full year 2016 . Now expects a positive income from ordinary activities (income before taxes) for 2016 .Now expects 2016 EBITDA of around 20 million euros and a positive free cash flow from business operations, which will be slightly negative solely due to tax payments from past years.  Full Article

Gigaset says Hongbin (Hadwin) He leaves executive board
Friday, 29 Jul 2016 05:09am EDT 

Gigaset AG :Hongbin (Hadwin) He, who was appointed to executive board of Gigaset AG on 1.9.2015, has today resigned from his position for personal reasons and with immediate effect.  Full Article

Gigaset appoints new CEO and CFO
Wednesday, 16 Dec 2015 09:16am EST 

Gigaset AG:Re-staffs executive board.Appoints Klaus Wessing and Hans-Henning Doerr as new CEO and CFO with immediate effect​.  Full Article

Gigaset AG to cut 550 jobs by end of 2018
Monday, 30 Nov 2015 08:05am EST 

Gigaset AG:Due to declining market outlook, during next three years Gigaset Group will entirely realign business segment of cordless phones for private customers.In this context company plans, inter alia, to gradually cut around 550 out of 1,250 jobs worldwide by end of 2018.  Full Article

Gigaset confirms FY 2015 outlook
Thursday, 6 Aug 2015 01:55am EDT 

Gigaset AG:Largely confirms its outlook for 2015 fiscal year.Sees FY 2015 decline in revenue from continuing operations in a high single-digit to low double-digit percentage range.Sees FY 2015 positive EBITDA once more in lower double-digit million range; however, EBITDA is expected to be below that of previous year.  Full Article

Gigaset AG unit Gigaset Communications GmbH to reorganize its brand portfolio
Thursday, 25 Jun 2015 07:29am EDT 

Gigaset AG:Gigaset group reorganizes brand and domain portfolio.Gigaset Communications GmbH, a subsidiary that is wholly owned indirectly by Gigaset AG, is to extensively reorganize its brand portfolio.Gigaset Communications GmbH will, among other things, sell word mark and word/figurative mark "Gigaset" to Goldin Brand Ltd., a subsidiary of Goldin Fund Pte. Ltd.Purchase price for marks is 29 million euros and is payable in cash to Gigaset Communications GmbH concurrently with transfer of marks, but on Sept. 30, 2015, at latest.Gigaset Communications GmbH will also sell and transfer a number of internet domains to Goldin Brand Ltd., including domain gigaset.com, effective Jan. 8, 2016.Purchase price for domains is 6 million euros.  Full Article

Gigaset confirms FY 2015 outlook
Thursday, 21 May 2015 01:50am EDT 

Gigaset AG:Sticks to FY 2015 outlook it gave when 2014 annual report was published.Expects in FY 2015 in the Business Units Consumer Products, Business Customers and Home Networks (excluding business with mobile devices) decline in revenue from continuing operations in high single-digit to low double-digit percentage range, positive EBITDA in lower double-digit million range.  Full Article

BRIEF-Gigaset consolidated net loss narrows to EUR 0.4 million

* Q3 consolidated revenue of 192.1 million euros ($203.76 million) (Q3 2015: 208.4 million euros)