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General

Gigaset narrows net loss in Q1, grows EBITDA

Friday 19 May 2017 | 11:41 CET | News
Gigaset reported first-quarter EBITDA of EUR 3.1 million, up from EUR 1.2 million thanks to cost-cutting measures. Its net loss narrowed to EUR 1.5 million from EUR 2.6 million. Group sales declined to EUR 58.4 million from EUR 61.9 million a year ago, in line with the contraction in the fixed phone market, the company said. Mainly the consumer market is falling, while Gigaset said it was growing sales in the business and mobile phone segments.

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Categories: General
Companies: Gigaset
Countries: Europe
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