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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.