DGAP-News: Gigaset AG
/ Key word(s): Quarterly / Interim Statement/Half Year Results
Press Release Gigaset AG publishes figures for the second quarter and first half of 2019
Gigaset AG (ISIN: DE0005156004), an internationally operating company in the area of communications technology, today published its report for the second quarter and first half of 2019. According to the report, the company's revenue for the first six months changed to EUR107.1 million (previous year: EUR121.0 million). At the same time, Gigaset was able to significantly increase its gross profit margin as well as its operating and free cash flow. "Margin quality and cash flow are two key factors for us. In the first half of 2019, we achieved another improvement here, proving that we were able to set up the company on a solid basis," says Thomas Schuchardt, CFO of Gigaset AG. "We are continuing to work on the digital transformation of the company and toward a holistic product eco-system. That's why we are primarily focusing on the medium and long-term development of the company and systematically developing our Professional, Smart Home and Smartphones business segments," adds Klaus Weßing, CEO of Gigaset AG. Improvement of gross profit margin as well as operating and free cash flow Revenue by business segment Revenue from smart home products is continuing to perform well. It rose to EUR1.6 million in the first half of the year (previous year: EUR1.4 million). The company sees further potential for its smart home products, whose range has been steadily expanded and now includes smart security, smart comfort and smart care. Professional products generated EUR24.9 million in the first half of 2019 compared to EUR28.4 million in the same period of the previous year. Gigaset is driving forward the expansion of the product portfolio and its market position. Revenue in the Professional segment primarily comes from project business, which is not always evenly distributed over the year. Gigaset expects further revenue in the course of the year due to the newly introduced multi-cell N870IP Pro, which can also be used for large-scale installations in the enterprise sector. Outlook for 2019 With regard to compensating for the factored-in decline in the market at the Phones segment, which Gigaset aims to cushion by expanding its activities and growing revenue in the Smartphones, Smart Home and Professional segments, the company therefore expects for the current fiscal year 2019:
The complete report on the second quarter of 2019 can be downloaded from www.gigaset.ag.
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25.09.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Gigaset AG |
Bernhard-Wicki-Straße 5 | |
80636 München | |
Germany | |
Phone: | +89 444456 - 866 |
Fax: | +89 444456 - 930 |
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, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 879045 |
End of News | DGAP News Service |
879045 25.09.2019