Earnings Release • Jan 31, 2011
Earnings Release
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Corporate | 31 January 2011 09:30
ARQUES Industries AG: Gigaset on the move
ARQUES Industries AG / Key word(s): Final Results
31.01.2011 / 09:30
Gigaset on the move
At the end of the financial year it now appears that Gigaset Communication GmbH will clearly exceed its published 2010 targets. With revenues of approx. EUR 504 million, a booked EBITDA of just on EUR 51 million could be shown in ongoing operations, due to outstanding year-end business. At the ARQUES Industries AG general meeting in December 2010 the executive board still expected an EBITDA of EUR 45 million. (+ 13%).
In comparison to the numbers of the previous year, 2009, the positive development is even clearer. On the basis of revenues of EUR 491 million in 2009 and an EBITDA to the value of EUR 7.2 million in 2009, an improvement in results of more than EUR 43 million could be achieved. (+ 608 %)
On the one hand, the executive committee attributes this satisfying development to a successful reorientation of the company, on the other to a high acceptance of the new products both in terms of technology and design. The settlement of the dispute with Siemens also eliminated uncertainty in the trade. Particularly the last months of the year significantly exceeded expectations.
An adjustment to the forecast for 2011 is presently to be awaited.
Gigaset Communication GmbH is a 100% subsidiary of ARQUES Industries AG. ARQUES has announced that it will concentrate exclusively on the Gigaset business.
End of Corporate News
31.01.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
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| Language: | English |
| Company: | ARQUES Industries AG |
| Arnulf Office Park – Arnulfstraße 37-39 | |
| 80636 München | |
| Deutschland | |
| Phone: | +49 89/255500-0 |
| Fax: | +49 89/255500-200 |
| E-mail: | [email protected] |
| Internet: | www.arques.de |
| ISIN: | DE0005156004 |
| WKN: | 515600 |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart |
| End of News | DGAP News-Service |
| - - - |
| 110443 31.01.2011 |
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