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Gigaset Q1 revenues, EBITDA decline due to Covid-19 crisis

Thursday 28 May 2020 | 16:03 CET | News
Gigaset said revenues declined in the first quarter to EUR 32.4 million from 45.8 million the year before. The EBITDA loss widened to EUR 7.4 million from a loss of EUR 1.9 million the year before. Results were negatively impacted by measures taken in March to halt the spread of Covid-19. Gigaset refrained from giving a detailed forecast for the current fiscal year due because of the pandemic but said it does expect key figures to decline compared to the previous year. 

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Categories: Fixed
Companies: Gigaset
Countries: Germany
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