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Gigaset AG (GGS.DE)

GGS.DE on Xetra

0.75EUR
26 May 2017
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Latest Key Developments (Source: Significant Developments)

Gigaset Q1 EBITDA rises TO EUR 3.1 mln
Friday, 19 May 2017 05:35am EDT 

May 19 (Reuters) - GIGASET AG ::OUTLOOK REMAINS POSITIVE: NEW PRODUCTS WILL MAKE A DOUBLE-DIGIT CONTRIBUTION TO REVENUE AS EARLY AS THIS YEAR.Q1 EBITDA RISES SHARPLY TO €3.1 MILLION (Q1 2016: €1.2 MILLION).Q1 CONSOLIDATED NET LOSS FOR YEAR FELL TO EUR 1.5 MILLION (PREVIOUS YEAR: NET LOSS OF EUR 2.6 MILLION).Q1 CONSOLIDATED REVENUE IN THE CONSUMER PRODUCTS SEGMENT FALLS TO €58.4 MILLION FOR MARKET-RELATED REASONS (Q1 2016: €61.9 MILLION).  Full Article

Gigaset FY consolidated profit 4.32 million euros
Friday, 21 Apr 2017 01:22am EDT 

April 21 (Reuters) - Gigaset AG ::FY revenue 281.932 million euros ($302.09 million) versus 305.347 million euros year ago.FY EBIT at 12.8 million euros versus loss 16.3 million euros year ago.FY consolidated profit 4.317 million euros versus loss 22.0 million euros year ago.  Full Article

Gigaset prelim FY 2016 EBITDA up at 28 million euros
Tuesday, 7 Mar 2017 07:31am EST 

Gigaset Ag : Gigaset to expect profit for fiscal year 2016 . Expects a profit of 4 million euros ($4.23 million)on basis of provisional unaudited figures with an overall turnover of 282 million euros for fiscal year 2016 due to successful realignment of company . FY EBITDA increased from 11 to 28 million euros .For the first time in several years, company will also generate a positive free cash flow of 7 million euros, which is due to cost savings and a shift in expenditures and taxes to year 2017.  Full Article

Gigaset consolidated net loss narrows to EUR 0.4 million
Friday, 18 Nov 2016 03:25am EST 

Gigaset AG : Q3 consolidated revenue of 192.1 million euros ($203.76 million) (Q3 2015: 208.4 million euros) . Q3 consolidated net loss for year falls significantly to 0.4 million euros (Q3 2015: net loss of 14.7 million euros) . Q3 result from core business before depreciation and amortization increases sharply to 12.3 million euros (Q3 2015: -4.9 million euros) . Sees FY positive result before depreciation and amortization, EBITDA in amount of about 20.0 million euros and a positive free cash flow of current business .Group reorganization taking effect - significant improvement in key figures.  Full Article

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

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BRIEF-Gigaset Q1 EBITDA rises TO EUR 3.1 mln

* OUTLOOK REMAINS POSITIVE: NEW PRODUCTS WILL MAKE A DOUBLE-DIGIT CONTRIBUTION TO REVENUE AS EARLY AS THIS YEAR