DGAP-News: Gigaset AG / Key word(s): Annual Report/Annual Results
Gigaset AG publishes 2020 Annual Report
22.04.2021 / 09:00
Press release
Gigaset AG publishes 2020 Annual Report
2020 goals curbed due to coronavirus pandemic - rigorous and rapid countermeasures nevertheless lead to a solid result
Total consolidated revenue of €214.2 million due to coronavirus
Rigorous cost saving measures implemented
Cash and cash equivalents up 15% year on year at €42.0 million thanks to strict cost and liquidity management
Bocholt, April 22, 2021 - Gigaset AG (ISIN: DE0005156004), an internationally operating company in the area of communications technology, today published its Annual Report for 2020. Due to the continuing coronavirus pandemic, the last fisical year was especially challenging for Gigaset AG. Fiscal 2020 was clearly negatively impacted by coronavirus. This was also reflected in revenue and earnings in all segments. However, the countermeasures already taken by the com