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Annual Financial Report 2016: good figures confirmed
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Annual Financial Report 2016: good figures confirmed : Annual Financial Report 2016: good figures confirmed
The rigorous implementation of the operational restructuring has generated a consolidated result of 281.9 million euros in what remains a challenging market environment. Cost cuts are having an impact: Basic business results before depreciation and amortization increased by 136% to 25.0 million euros. (+2.2 million euros) for the first time since 2011 Positive outlook for 2017 Munich, April 21, 2017 - Gigaset AG (ISIN: DE0005156004), an international company in the field of communication technologies, today announced its Annual Report 2016 and confirmed The good provisional figures published on March 7, 2017. The figures presented clearly show that the rigorous implementation of the operational realignment is paying off and that the company achieved its operational restructuring in the last fiscal year. The operational turn is manifested in three aspects: Stabilization of core businesses, successful reduction of current costs and creation of a new freedom to invest on a considerable scale. The stabilization of the main activities has been favored by the selective sale activities in the key European markets, which has resulted in an increase in the market share in several countries, as well as an improvement in the margins achieved. The first restructuring measures in 2016 are also achieving good results in terms of costs. Once completed its restructuring in late 2017, the company will reduce costs by a double-digit amount of one million euros per year. This aspect presents a new freedom of investment, which the company leveraged mainly to create development capacities for new projects and thematic areas that will be implemented successively in 2017 and subsequent years and that will help to increase the income. In total, 10.0 million euros will be invested more than in 2016. One priority is the expansion and interconnection of voice-based and cloud-based voice solutions. General revenue trends In what remains a challenging market environment, consolidated revenues decreased by 7.7% to € 281.9 million (previous year: € 305.3 million), but rigorous implementation Of the three-point plan launched in early 2016 with the objective of guaranteeing the company's operational readjustment and recovery in the medium term were able to return it to profitability in the last fiscal year. The company has been able to increase core business results before depreciation and amortization significantly by 136% to € 25.0 million (previous year: € 10.6 million) and generate a position
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