DGAP-News: Gigaset AG / Key word(s): Preliminary Results
Gigaset AG announces preliminary figures for financial year 2011
31.01.2012 / 08:00
---------------------------------------------------------------------
Gigaset AG announces preliminary figures for financial year 2011
Significant increase in profitability
- Revenues of EUR 521 million
- EBITDA at EUR 54 million
- EPS at EUR 0.36
Munich, January 31, 2012 - In the past year the Gigaset Group significantly
improved its profitability and far exceeded its EBITDA compared to last
year. According to preliminary calculations, the company generated revenues
of EUR 521 million and an EBITDA of EUR 54 million in the financial year
2011. The Executive Board anticipates earnings per share (diluted) of EUR
0.36.
Revenues and EBITDA almost reached the forecast values despite weaker
economic growth in many parts of Europe during 2011, especially during the
fourth quarter. The effects of the product warning due to faulty batteries
purchased additionally and the delivery bottleneck caused were in the low
single-digit million range. While consolidated revenues decreased as
forecast from EUR 1.0 billion to EUR 521 million due to the deconsolidation
of subsidiaries, the previous year's figures of both the EBITDA at EUR 54
(previous year: EUR 3 million) as well as the earnings per share at EUR
0,36 (previous year: EUR -3.45) were clearly exceeded and prove the
successful realignment of the company during the last fiscal year.
The corporate financial position has also improved significantly compared
to the previous year. Cash and cash equivalents increased by 70% to EUR 62
million (2010: EUR 37 million), and shareholders' equity at EUR 77 million
(2010: EUR 35 million) more than doubled compared to the previous year.
'The clearly positive results as well as the development in shareholders'
equity and cash are very encouraging. The realignment of the Gigaset Group
has succeeded,' said Dr. Alexander Blum, Chief Financial Officer of Gigaset
AG.
Gigaset AG, Munich, is a worldwide operating company in the
telecommunication and accessories sector. The company is a leading global
producer of cordless phones and Europe's market leader in DECT phones.
Internationally, the premium provider with 1,600 employees is represented
in more than 70 countries and is ranked in third place in its sector.
The Gigaset AG shares are traded in the TecDAX (Prime Standard) of the
Frankfurt Stock Exchange. Symbol: GGS, ISIN: DE0005156004.
Further information is available under http://www.gigaset.ag.
Contact:
Gigaset AG
Kerstin Diebenbusch
Investor Relationsâ¨
Tel.: +49 (0)89 444456-937
E-Mail: info@gigaset.com
End of Corporate News
---------------------------------------------------------------------
31.01.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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
HofmannstraÃe 61
81379 München
Germany
Phone: +89444456937
Fax: +89444456930
E-mail: kerstin.diebenbusch@gigaset.com
Internet: www.gigaset.com
ISIN: DE0005156004
WKN: 515600
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
154530 31.01.2012
DGAP-News: Gigaset AG announces preliminary figures for financial year 2011
| Source: EQS Group AG