Gigaset sees EUR 4 mln profit for 2016

Thursday 9 March 2017 | 09:40 CET | News
Ahead of the release of its full year report, German cordless phone manufacturer Gigaset has announced an expected profit of EUR 4 million for 2016. On the basis of provisional unaudited figures, the company put its turnover at EUR 282 million for 2016. EBITDA is expected to increase from EUR 11 million in 2015 to EUR 28 million in 2016. The company also predicts a positive cash flow for the first time since 2011, with the forecast for EUR 7 million, up from minus EUR 10 million in 2015.

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Categories: Fixed
Companies: Gigaset
Countries: Germany / World
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