Last €0.72 EUR
Change Today -0.01 / -1.37%
Volume 746.0
GGS On Other Exchanges
Symbol
Exchange
Xetra
OTC US
As of 3:35 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

gigaset ag (GGS) Snapshot

Open
€0.76
Previous Close
€0.73
Day High
€0.77
Day Low
€0.72
52 Week High
05/14/14 - €1.05
52 Week Low
10/9/14 - €0.60
Market Cap
87.2M
Average Volume 10 Days
23.1K
EPS TTM
€-0.42
Shares Outstanding
121.5M
EX-Date
08/27/10
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GIGASET AG (GGS)

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gigaset ag (GGS) Details

Gigaset AG manufactures and sells digital enhanced cordless telecommunications telephones worldwide. It operates in three segments: Consumer Products, Business Customers, and Home Networks. The company provides consumer products comprising telephones, tablets, babyphones, and accessories that include headsets and repeaters, as well as corded and cordless phones, and IP telephones. It also offers desktop and cordless phones, and telephone exchanges with various business functions and user options for large, medium, small, home, and various other offices. In addition, the company provides home network products, such as Gigaset elements, which is a sensor-based connected living system that enables the user to maintain a permanent connection to elements in homes through smartphones for private households. It sells its products through direct and indirect distribution channels, as well as through online shop to retailers, telecommunication companies, and distributors. The company was formerly known as ARQUES Industries AG. Gigaset AG is headquartered in Munich, Germany.

1,400 Employees
Last Reported Date: 11/7/14

gigaset ag (GGS) Top Compensated Officers

Chairman of executive Board, Chief Executive ...
Total Annual Compensation: €616.5K
Chief Financial Officer, Managing Director an...
Total Annual Compensation: €471.6K
Managing Director and Member of Executive Boa...
Total Annual Compensation: €525.6K
Compensation as of Fiscal Year 2013.

gigaset ag (GGS) Key Developments

Gigaset AG Reports Consolidated Earnings Results for the Third Quarter of 2014; Reaffirms Earnings Guidance for the Year 2014

Gigaset AG reported consolidated earnings results for the third quarter of 2014. The company improved its operating income (EBITDA) in continuing operations in the third quarter by EUR 0.6 million to EUR 4.4 million compared with EUR 3.8 million in the same period of the previous year. The consolidated loss fell by EUR 3.6 million to EUR 0.2 million from EUR 3.8 million a year ago period, mainly due to book profits as part of the equity method from the stake in the joint venture with the main investor Goldin aimed at establishing mobile business. The company is free of financial debt. Consolidated revenue was EUR 72.0 million against EUR 76.6 million a year ago. Free cash flow was EUR 7.6 million against negative free cash flow of EUR 9.9 million a year ago. For the year 2014, the company sticks to the outlook it gave when the 2013 Annual Report was published on March 26, 2014. A decline in revenue from continuing operations in a high single-digit to low double-digit percentage range. EDITBA to improve sharply year on year and to be positive again and an EBITDA margin in the upper single-digit percentage range due to the positive impact expected from the efficiency programs. A negative free cash flow in the low double-digit million range, among other things due to the investments required in further establishment of the new business segments and restructuring of the company. In addition, the company expects additional revenues from tablet and smartphone business; however, they are difficult to predict due to the early stage of the joint activities with Goldin Fund Pte. Ltd., Singapore.

Gigaset to Launch New Desktop Phone Maxwell 10

Gigaset announced that it is launching a new desktop telephone. The Maxwell 10 is an HD video telephone and features a 10-inch touch screen with an intuitive interface and the Android operating system, including internet connectivity. Conference calls are displayed in video on the HD screen and address books, email accounts and CRM files can be synced with smartphones or tablets. The Maxwell 10 will be available from mid November in different designs, ranging from real leather to a natural wood finish at a retail price of EUR 569 for the corded and EUR 599 for the cordless model.

Gigaset AG Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reaffirms Earnings Guidance for the Year 2014

Gigaset AG announced consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company’s consolidated revenue was EUR 82.0 million compared to EUR 96.8 million a year ago. EBITDA was EUR 10.3 million compared to EUR 6.4 million a year ago. Consolidated net income was EUR 1.3 million compared to net loss of EUR 9.4 million a year ago. Free cash flow was EUR 1.1 million compared free cash outflow of EUR 10.9 million a year ago. For the six months, the company’s consolidated revenue was EUR 147.0 million compared to EUR 183.6 million a year ago. EBITDA was EUR 2.6 million compared to EUR 11 million a year ago. Consolidated net loss was EUR 11 million compared to EUR 12.7 million a year ago. Free cash outflow was EUR 26.9 million compared to EUR 34.9.9 million a year ago. The company confirmed earnings guidance given earlier. The company now expects decline in revenue from continuing operations in a high single-digit to low double-digit percentage range. EDITBA to improve sharply year on year and to be positive again and an EBITDA margin in the upper single-digit percentage range due to the positive impact expected from the efficiency programs. Negative free cash flow in the low double-digit million range, among other things due to the investments required in further establishment of the new business segments and restructuring of the company.

 

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Price/Book 1.7x
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