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newspicture 17.07.2014

Ascom: Slow start in the first six months, however strong second half-year anticipated and net profit for the full year 2014 expected to be in line with the previous year

Based on preliminary figures, Ascom is expecting a Group profit for the first half-year of 2014 of around CHF 8-9 million. Despite lower revenues the EBITDA margin at Group level could be held at around 10%. Delayed orders from customers and fewer projects over CHF 1 million were the main reasons for this unsatisfactory first half-year result. However, Ascom is confident to deliver a strong second half-year result and to achieve an EBITDA margin of 14-16% for the full year in the Core Business. Net profit for the full year is expected to be in line with the previous year.

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