DGAP-Adhoc: Gigaset AG adjusts 2019 outlook

2019. november 19., kedd, 15:06





DGAP-Ad-hoc: Gigaset AG / Key word(s): Development of Sales


Gigaset AG adjusts 2019 outlook


19-Nov-2019 / 15:06 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




Ad hoc Message

WKN: 515600 / WKN A14KQ7

Munich, November 19, 2019



Gigaset AG adjusts 2019 outlook


Munich, November 19, 2019 [14:33 pm] - Based on current information, the Executive Board of Gigaset AG today came to the conclusion that the previously expected slight increase in revenue compared with 2018 is unlikely to be achieved.



The company now expects consolidated sales to be below the previous year. The actual revenue to be generated in 2019 will also depend to a large extent on the typically volatile year-end sales.



The outlook for expected EBITDA at the previous year"s level as well as a considerable improvement in free cash flow remains unchanged.


 



Gigaset AG is an internationally operating company in the area of communications technology. The company is Europe"s market leader in DECT telephones and is likewise a leader in the international arena, with around 850 employees and sales activities in around 70 countries. Its business activities comprise not only DECT phones, but also an extensive smartphone portfolio, cloud-based smart home security solutions, and business telephony solutions for small and medium-sized enterprises (SMEs).



Gigaset AG is listed in the Prime Standard of Deutsche Börse and is therefore subject to the highest transparency requirements. Its shares are traded on the Frankfurt Stock Exchange under the symbol GGS (ISIN: DE0005156004).











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Language: English
Company: Gigaset AG

Bernhard-Wicki-Straße 5

80636 München

Germany
Phone: +89 444456 - 866
Fax: +89 444456 - 930
E-mail: info@gigaset.com
Internet: www.gigaset.com
ISIN: DE0005156004
WKN: 515600
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 916345





 
End of Announcement DGAP News Service




916345  19-Nov-2019 CET/CEST







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