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    GGS   DE0005156004

GIGASET AG

(GGS)
  Report
Delayed Xetra  -  11:36 2022-12-02 am EST
0.2140 EUR   -2.73%
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Gigaset AG appoints Dr. Magnus Ekerot as new CEO and Chairman of the Executive Board

07/27/2022 | 02:36am EST

DGAP-Ad-hoc: Gigaset AG / Key word(s): Personnel
Gigaset AG appoints Dr. Magnus Ekerot as new CEO and Chairman of the Executive Board

27-Jul-2022 / 08:33 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

Bocholt, July 27th, 2022

 

Gigaset AG appoints Dr. Magnus Ekerot as new CEO and Chairman of the Executive Board


Bocholt, July 27th, 2022 [08:30 hrs] - With today's resolution, the Supervisory Board of Gigaset AG has appointed Dr. Magnus Ekerot (53) as new CEO and Chairman of the Executive Board of the company for a period of three years. He is scheduled to take up his duties on January 1st, 2023 at the latest.

Dr. Magnus Ekerot succeeds Klaus Weßing (65), until now CEO and Chairman of the Executive Board of Gigaset AG, who will leave the company in the course of 2023 at the latest to retire.

Dr. Ekerot, currently Senior Vice President at Bosch Security and Safety Systems, holds an MBA in strategic management and looks back on a career of more than 25 years with internationally renowned companies. Dr. Ekerot's career has focused on IT and technology. He has already held several CEO positions.

The Supervisory Board of Gigaset AG considers Dr. Ekerot to be the ideal person to lead Gigaset successfully into the next decade.

 

Gigaset AG, Bocholt, is an internationally active company in the field of communications technology. The company is Europe's market leader in DECT phones and is also a leading international player with around 900 employees and sales activities in over 50 countries. In addition to DECT phones, its business activities include Android-based smartphones, cloud-based smart home applications and business telephony solutions for SMEs and enterprise customers. The traditional company is characterized in a special way by its "Made in Germany" production. The company is headquartered in Bocholt, Germany. It also maintains a software development center in Wroclaw, Poland and numerous sales offices in Europe and Asia.

 Gigaset AG is listed in the Prime Standard of the German Stock Exchange and is therefore subject to the highest transparency requirements. The shares are traded on the Frankfurt Stock Exchange under the symbol GGS (ISIN: DE0005156004).


27-Jul-2022 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
Frankenstr. 2
46395 Bocholt
Germany
Phone: +49 (0)89 444 456 866
Fax: +49(0)89 444 456 930
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: 1406523

 
End of Announcement DGAP News Service

1406523  27-Jul-2022 CET/CEST

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ę EQS 2022
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Financials
Sales 2022 238 M 249 M 249 M
Net income 2022 -3,90 M -4,09 M -4,09 M
Net Debt 2022 85,0 M 89,1 M 89,1 M
P/E ratio 2022 -7,13x
Yield 2022 -
Capitalization 28,3 M 29,7 M 29,7 M
EV / Sales 2022 0,48x
EV / Sales 2023 0,42x
Nbr of Employees -
Free-Float 26,5%
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Mean consensus BUY
Number of Analysts 2
Last Close Price 0,21 €
Average target price 0,70 €
Spread / Average Target 225%
EPS Revisions
Managers and Directors
Klaus We▀ing Chief Executive Officer
Thomas Schuchardt Chief Financial Officer
Hau Yan Wong Chairman-Supervisory Board
Paolo Vittorio di Fraia Member-Supervisory Board
Ulrich Burkhardt Member-Supervisory Board
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