AI Terminal
Gigaset AG
Earnings Release • Nov 26, 2018
183_rns_2018-11-26_d41f0f8b-6693-40fb-ab56-4d6405155a2a.html
Earnings Release
Open in ViewerOpens in native device viewer
News Details
Ad-hoc | 26 November 2018 19:49
Gigaset AG adjusts free cash flow and revenue expectations for 2018
Gigaset AG / Key word(s): Change in Forecast
Gigaset AG adjusts free cash flow and revenue expectations for 2018
26-Nov-2018 / 19:49 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 26, 2018
Gigaset AG adjusts free cash flow and revenue expectations for 2018
Munich, November 26, 2018 [19:18 pm] – Based on current information on the further course of business, the Executive Board of Gigaset AG today came to the conclusion that the previously expected revenue increase of a high single-digit million amount is unlikely to be achieved.
The company now expects consolidated revenue for 2018 – compared to the previous year (EUR 293.3 million) – between -5.6% (EUR 277 million) and +2.3% (EUR 300 million). Actual sales are significantly dependent on the typically very volatile year-end turnover.
The negative free cash flow is no longer expected to be in the mid-single-digit million range but is expected to be between EUR -35 to -7 million before the inflow of funds.
The outlook for expected EBITDA of between EUR 20 and 28 million remains unchanged.
26-Nov-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Gigaset AG |
| Bernhard-Wicki-Straße 5 | |
| 80636 München | |
| Germany | |
| Phone: | +89 444456 – 866 |
| Fax: | +89 444456 – 930 |
| E-mail: | [email protected] |
| 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 |
| End of Announcement | DGAP News Service |