Strong second half-year 2017 for Ascom
Due to a strong second half-year, Ascom achieved for fiscal year 2017 net revenue growth of 3% and an increase of incoming orders of 7.2% according to preliminary unaudited figures. Ascom further achieved the expected profitability level with an EBITDA margin of about 14% for fiscal year 2017.
Full details of Ascom's financial statements and the Annual Report 2017 will be published on 1 March 2018.
Net revenue growth of 3% in fiscal year 2017
Based on preliminary unaudited results, Ascom generated for fiscal year 2017 net revenues of around CHF 309 million, representing a growth rate of 3% (at constant currencies 2.2%) compared to the continuing business in 2016 (CHF 300.5 million).
Ascom experienced a strong second half-year 2017 with net revenues of around CHF 166 million, representing a significant increase compared to the continuing business in the second half-year 2016 (CHF 154.4 million).
Strong increase of incoming orders
Due to the strong second half-year, incoming orders increased by 7.2% (at constant currencies 6.4%) to around CHF 325 million for fiscal year 2017 (2016 continuing business: CHF 302.9 million). Incoming orders for the second half-year 2017 came to around CHF 167 million (H2/2016 continuing business: CHF 145.0 million).
Ascom expects for fiscal year 2017 an EBITDA margin of about 14%, which is in line with expectations. Given an EBITDA margin of 9.7% for the first six months in 2017, the profitability could be improved substantially in the second half-year like in previous years.
Ascom will publish further information, the full details of its financial statements and the 2017 Annual Report at its Annual Results Conference to take place on 1 March 2018.