Gigaset AG - Earnings Release 2018

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

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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.

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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