DGAP-Adhoc: Gigaset AG adjusts 2019 outlook
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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