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Gigaset Q3 revenues fall 7.8% year on year

Monday 21 November 2016 | 11:27 CET | News
Cordless phone manufacturer Gigaset's third quarter results were significantly lower than the year prior, though management believes the company is regaining its strength. Gigaset reported revenues of EUR 192.2 million for the quarter, down 7.8 percent from EUR 208.4 million in Q3 2015. Earnings from the core business before depreciation and amortisation came in at EUR 12.3 million in the most recent quarter, a 28.4 percent drop on the EUR 17.2 million in the year prior. Despite the year-on-year results, the company reported it was on a "positive upward trend" from Q2 to Q3. In particular, it

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Categories: Fixed
Companies: Gigaset
Countries: Germany
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