Regulatory Filings • Oct 8, 2012
Regulatory Filings
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Ad-hoc | 8 October 2012 13:48
Gigaset AG: Agreement on staff reduction
Gigaset AG / Key word(s): Restructure of Company
08.10.2012 13:48
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Agreement on staff reduction
Munich, October 08, 2012. Gigaset Group today terminated a general
agreement with the employee representatives to cut 279 jobs at the Munich
and Bocholt locations. The restructuring is expected to entail
non-recurring costs of around EUR20 million, for which Gigaset will
immediately set up a provision, but in conjunction with cutting additional
non-personnel and service costs the company will also generate annual
savings totaling at least EUR30 million.
Including restructuring costs, Gigaset expects a slightly negative EBITDA
in this fiscal year. After adjustment for this one-off effect, the company
anticipates a positive EBITDA, though it has already announced that this
will be well below that of the previous year.
The company has set itself the target of achieving revenue of EUR500 to 560
million and an EBITDA margin of around ten to 13 percent in 2015 thanks to
its improved setup and the new Business Units.
Information and Explaination of the Issuer to this News:
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 ranks second worldwide with around 1,700
employees and a market presence in more than 70 countries.
Gigaset AG is listed on the Prime Standard of Deutsche Börse and thus is
subject to the highest requirements for transparency. Its shares are traded
on the Frankfurt Stock Exchange under the symbol 'GGS' (ISIN:
DE0005156004).
Contact:
Gigaset AG
Kerstin Diebenbusch
Investor Relations
Tel.: +49 (0)89 444456-937
E-mail: [email protected]
Stefan Zuber
Corporate Communications
Tel.: +49 (0)89 444456-600
E-mail: [email protected]
08.10.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: Gigaset AG
Hofmannstraße 61
81379 München
Germany
Phone: +89444456937
Fax: +89444456930
E-mail: [email protected]
Internet: www.gigaset.com
ISIN: DE0005156004
WKN: 515600
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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