DGAP-News: ARQUES Industries AG / Key word(s): Final Results
ARQUES Industries AG: Gigaset on the move
31.01.2011 / 09:30
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At the end of the financial year it now appears that Gigaset Communication
GmbH will clearly exceed its published 2010 targets. With revenues of
approx. EUR 504 million, a booked EBITDA of just on EUR 51 million could be
shown in ongoing operations, due to outstanding year-end business. At the
ARQUES Industries AG general meeting in December 2010 the executive board
still expected an EBITDA of EUR 45 million. (+ 13%).
In comparison to the numbers of the previous year, 2009, the positive
development is even clearer. On the basis of revenues of EUR 491 million in
2009 and an EBITDA to the value of EUR 7.2 million in 2009, an improvement
in results of more than EUR 43 million could be achieved. (+ 608 %)
On the one hand, the executive committee attributes this satisfying
development to a successful reorientation of the company, on the other to a
high acceptance of the new products both in terms of technology and design.
The settlement of the dispute with Siemens also eliminated uncertainty in
the trade. Particularly the last months of the year significantly exceeded
expectations.
An adjustment to the forecast for 2011 is presently to be awaited.
Gigaset Communication GmbH is a 100% subsidiary of ARQUES Industries AG.
ARQUES has announced that it will concentrate exclusively on the Gigaset
business.
End of Corporate News
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31.01.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: ARQUES Industries AG
Arnulf Office Park - ArnulfstraÃe 37-39
80636 München
Deutschland
Phone: +49 89/255500-0
Fax: +49 89/255500-200
E-mail: klaus.franke@arques.de
Internet: www.arques.de
ISIN: DE0005156004
WKN: 515600
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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110443 31.01.2011
DGAP-News: ARQUES Industries AG: Gigaset on the move
| Source: EQS Group AG