EQS-Adhoc: Gigaset AG: Currency and short-term material effects in Q4 have less impact on 2022 outlook than expected. EBITDA forecast for 2022 is raised.

Ad hoc Message WKN: 515600 / WKN A14KQ7 Bocholt, February 27^th, 2023

Currency and short-term material effects in Q4 have less impact on 2022 outlook than expected. EBITDA forecast for 2022 is raised

Bocholt, February 27^th 2023 [11:42 hrs] - The Executive Board today raised its corporate forecast, which was last adjusted on November 18^th 2022.

• EBITDA* forecast improves, slight increase expected compared to 2021
• Revenue increase between EUR 235 million and 250 million confirmed unchanged
• Moderately positive free cash flow confirmed unchanged

The positive change relates to EBITDA. Originally, the company forecast a slight increase in EBITDA compared to the previous year. Due to rising material costs, caused by the depreciation of the euro against the US dollar, as well as inflation effects, which had a negative impact on the cost side, the company most recently lowered its expectation for the 2022 financial year on November 18^th 2022 and assumed an EBITDA below the previous year's level in the range of EUR 6 million to EUR 15 million. However, the effects described had less of an impact than expected, and the forecast has been adjusted again accordingly. A slight increase compared to 2021 (EBITDA 2021 EUR 16.5 million) is now expected.              At the present time, the consolidated financial statements have not yet been finalised and are therefore to be considered provisional. The audited and certified consolidated financial statements of Gigaset AG will be published on April 27^th, 2023.  

*EBITDA: Earnings before interest, taxes, depreciation and amortization

Gigaset AG, Bocholt, is an internationally active company in the field of communications technology. The company is Europe's market leader in DECT phones and is also a leading international player with around 900 employees and sales activities in over 50 countries. In addition to DECT phones, its business activities include Android-based smartphones, cloud-based smart home applications and business telephony solutions for SMEs and enterprise customers. The traditional company is characterized in a special way by its "Made in Germany" production. The company is headquartered in Bocholt, Germany. It also maintains a software development center in Wroclaw, Poland and numerous sales offices in Europe and Asia. Gigaset AG is listed in the Prime Standard of the German Stock Exchange and is therefore subject to the highest transparency requirements. The shares are traded on the Frankfurt Stock Exchange under the symbol GGS (ISIN: DE0005156004).