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General

Gigaset downgrades revenue outlook after weak Q3

Friday 30 November 2018 | 11:33 CET | News
Gigaset reported a slowdown in sales in the third quarter, blaming the hot summer for less consumer demand for its fixed and smartphones. Revenues in the first nine months of the year fell to EUR 168.7 million from EUR 188.0 million a year earlier. Gigaset said it expects full-year sales to reach EUR 277-300 million, compared to EUR 293 million in 2017, a small downgrade in its forecast from a previous outlook for modest growth in the year. 

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Categories: General
Companies: Gigaset
Countries: Europe / Germany
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