Gigaset AG

Earnings Release • Aug 11, 2016

News Details

Ad-hoc | 11 August 2016 08:03

Gigaset AG expects a positive income from ordinary activities for 2016 after successful first two quarters

Gigaset AG / Key word(s): Half Year Results

11.08.2016 08:03

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Ad hoc Message
WKN: 515600 / WKN A14KQ7
Munich, August 11th 2015

Gigaset AG expects a positive income from ordinary activities for 2016
after successful first two quarters

Gigaset AG is back in the black, reporting a positive income from ordinary
activities (income before taxes) EUR0.6 million after a loss of EUR9.3
million in the previous year. EBIT* improved by EUR16.7 million to EUR1.4
million.

Accordingly the Executive Board of Gigaset AG raises the outlook for the
full year 2016. The company now expects:
- a positive income from ordinary activities (income before taxes) for
2016

• an EBITDA of around EUR20 million and

• a positive free cash flow from business operations, which will be
  slightly negative solely due to tax payments from past years.

* EBIT i.e. "result from core business after scheduled depreciation" within
the half-year income statement

Gigaset AG, Munich, is an internationally operating company in the area of
communications technology. The company is Europe's market leader in DECT
telephones. The premium supplier is likewise the leader worldwide with
around 1,250 employees and sales activities in around 70 countries. Under
the name Gigaset pro, the company continues to develop and market
innovative business telephony solutions for small and medium-sized
enterprises. The company also operates in the smart home arena. Cloud-based
security solutions are developed and marketed under Gigaset elements.

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).

11.08.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language: English
Company: Gigaset AG
Seidlstraße 23
80335 München
Germany
Phone: +89444456866
Fax: +89444456930
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, Munich,
Stuttgart, Tradegate Exchange

End of Announcement DGAP News-Service

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