Ascom achieves solid results: Revenue growth and significant increase in Group profit

Ascom has achieved solid results despite a challenging economic environment. At CHF 24.4 million, Group profit was well above the prior-year figure of CHF 8.2 million. Supported by the acquisition of TEMS, revenue grew by 5.5% (10.9% at constant exchange rates) to CHF 537.2 million (previous year: CHF 509.2 million). At EBITDA level, the result was CHF 49.8 million with an encouraging margin of 9.3%. Ascom is a financially sound technology group and, with cash and cash equivalents of CHF 127.7 million and an equity ratio of 29.4%, has a solid balance sheet structure.

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