Gigaset (ETR:GGS) Third Quarter 2022 Results
Main financial results
- Revenue: €59.9m (+8.9% compared to 3Q 2021).
- Net loss: €2.15m (down 221% compared to profit of €1.78m in 3Q 2021).
- Loss of €0.014 per share (compared to a profit of €0.01 in 3Q 2021).
All figures shown in the table above are for the 12 month period (TTM)
Gigaset revenues and profits fall short of expectations
Revenue beat analysts’ estimates by 2.3%. Earnings per share (EPS) also came in below analysts’ expectations.
Going forward, revenue is expected to grow by an average of 3.0% per year over the next 3 years, compared to a growth forecast of 3.9% for the communications industry in Europe.
Market performance in Germany.
The company’s shares rose 5.3% from a week ago.
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