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newspicture 25.08.2010

Ascom reports very good results: strong growth, higher profitability and an increase in Group profit

Ascom has presented very good results for the first half of 2010. With revenue increasing year-on-year from CHF 235.2 million to CHF 281.2 million, the Group posted growth of 19.6%. Incoming orders rose by 31.8% to CHF 308.2 million. Ascom generated on EBITDA level CHF 33.9 million (prior-year: CHF 12.3 million) with an EBITDA margin of 12.1%. Thus, the profitability has been more than doubled compared to last year. At CHF 17.1 million, Group profit was well above the prior-year result of CHF 11.9 million. The EBITDA guidance for fiscal year will be raised to 11-12%. Ascom has a clearly focused strategy and is financially sound. At 30 June 2010, the company held cash and cash equivalents amounting to CHF 112.4 million and, provided a well ongoing course of business, intends to pay an annual dividend starting from 2011.

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