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General

Gigaset sees smartphone, business customer growth offset phone losses in H1

Wednesday 22 August 2018 | 16:17 CET | News
Gigaset reported revenues of EUR 121 million for the first half of 2018, down from revenues of EUR 128.3 million in the same period of 2017. Double-digit revenue growth in the company's smartphone, smart home and professional business segments during the first half of the year helped compensate for losses in its core cordless phones business, said Gigaset. Still, growth in these newer business areas was not able to completely offset the downturn in its core business. For the second quarter of 2018, Gigaset said revenues increased slightly to EUR 69.9 million, versus EUR 69.8 million in Q2

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Categories: General
Companies: Gigaset
Countries: Europe
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