DGAP-Adhoc: Gigaset AG: Gigaset enters next phase of its transformation

Gigaset AG  / Key word(s): Strategic Company Decision

30.11.2015 14:05

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The issuer is solely responsible for the content of this announcement.

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Ad hoc Report
WKN (ISIN): 515600 / WKN (ISIN): A14KQ7
Munich, November 30, 2015

Gigaset enters next phase of its transformation
 
Due to a declining market outlook, during the next three years the Gigaset
Group will entirely realign the business segment of cordless phones for
private customers. In this context the company plans, inter alia, to
gradually cut around 550 out of 1,250 jobs worldwide by the end of 2018.

At the end of this process the business segment of cordless phones for
private customers shall be profitable again. The transformation scheme
requires prior consent from workers' representatives. Negotiations on these
matters will begin shortly.

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 is likewise the leader worldwide with
around 1,250 employees and sales activities in around 70 countries. Under
the name Gigaset pro, the company continues to develop and market
innovative business telephony solutions for small and medium-sized
enterprises. The company also operates in the smart home arena.
Cutting-edge, cloud-based products and solutions for the smart home are
developed and marketed under the name Gigaset elements. In addition,
together with the Singapore-based Goldin Fund Pte. Ltd., the company runs
Gigaset Mobile, which operates in the mobile phone, smartphone, and
accessory segments.
 
Gigaset AG is listed in the Prime Standard of Deutsche Börse and is
therefore subject to the highest transparency requirements. Its shares are
traded on the Frankfurt Stock Exchange under the symbol GGS (ISIN:
DE0005156004).


30.11.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language:     English
Company:      Gigaset AG
              Seidlstraße 23
              80335 München
              Germany
Phone:        +89444456866
Fax:          +89444456930
E-mail:       info@gigaset.com
Internet:     www.gigaset.com
ISIN:         DE0005156004
WKN:          515600
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
              Stuttgart
 
End of Announcement                             DGAP News-Service
 
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