Guidance for the Gigaset AG financial year 2011
Munich, Mar 30, 2011
Guidance for the Gigaset AG financial year 2011
After the close of the first two months of the current financial year, the Executive Board of Gigaset AG issues a guidance for 2011. The Board expects revenues of EUR 540 million with an EBITDA of EUR 57 million.
The guidance was based on the successful first two months, and the expected performance of the individual companies (development of profitability). The positive response to the launch of new products (e.g. Gigaset pro and accessories) is an encouraging indication for the rest of the fiscal year. "The effects of new acquisitions have not been considered in the current guidance yet." says the new Gigaset AG CFO, Dr. Alexander Blum.
Gigaset AG, Munich, is a worldwide operating company focusing on telecommunication and accessories. Gigaset AG is the parent company of the Gigaset Group, the leading producer of cordless phones worldwide and the market leader in Europe for DECT phones.
The Gigaset AG shares are traded in the TecDAX of the Frankfurt Stock Exchange. Symbol: AQU, ISIN: DE0005156004.
Further information is available under http://www.gigaset.com
Contact:
Gigaset AG
Kerstin Diebenbusch
Investor Relations
Tel.: +49 (0)89 444456-937
E-Mail: info@gigaset.com
