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    GGS   DE0005156004

GIGASET AG

(GGS)
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Gigaset : signs exclusive agreement with Unify

12/02/2020 | 05:21am EDT
Gigaset signs exclusive agreement with Unify

12/02/2020 - 10:00 Ad Hoc News created by Raphael Dörr, SVP Corporate Communications & Investor Relations, Gigaset AG

Bocholt, December 2nd, 2020 [09:23 am] - Gigaset Communications GmbH, a subsidiary of Gigaset AG, has signed an exclusive agreement with Unify Software and Solutions GmbH & Co. KG.

Under the terms of the agreement, Unify will exclusively purchase the next family of terminals of desktop telephones being developed by Gigaset. To support this new partnership Gigaset purchased licenses for the necessary software components and interfaces for € 15 million. The outflow of liquidity will take place in 2020 and 2021. Gigaset is also entitled to use the acquired licenses in its own portfolio.

The approval of the existing financing partners, based on an approved financing concept, which is necessary for the agreement to take effect, was granted today. The contract has a minimum term of five years, starting with the delivery of the first product in 2022, and Gigaset expects to supply in total more than 5 million phones to Unify and Gigaset direct customers.

Disclaimer

Gigaset AG published this content on 02 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2020 10:20:00 UTC


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Sales 2021 231 M 277 M 277 M
Net income 2021 -5,45 M -6,53 M -6,53 M
Net Debt 2021 78,9 M 94,5 M 94,5 M
P/E ratio 2021 -8,78x
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Mean consensus BUY
Number of Analysts 2
Average target price 0,60 €
Last Close Price 0,40 €
Spread / Highest target 79,7%
Spread / Average Target 50,6%
Spread / Lowest Target 21,5%
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NameTitle
Klaus We▀ing Chief Executive Officer
Thomas Schuchardt Chief Financial Officer
Hau Yan Wong Chairman-Supervisory Board
Paolo Vittorio Di Fraia Vice Chairman-Supervisory Board
Ka Yan Shiu Member-Supervisory Board
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