Due to an improved second half-year, Ascom achieved for fiscal year 2018 net revenue growth of close to 3% according to preliminary unaudited figures. Ascom expects for fiscal year 2018 a decreased EBITDA margin of about 12%.
Full details of Ascom's financial statements and the Annual Report 2018 will be published on 7 March 2019.
Net revenue growth of close to 3% in fiscal year 2018
Based on preliminary unaudited results, Ascom generated for fiscal year 2018 net revenues of around CHF 318.5 million, representing a growth rate of close to 3% (at constant currencies 1.7%) compared to 2017 (CHF 309.7 million).
The healthcare sector grew above average while the enterprise sector continued to be slow and the OEM business was below the very strong performance achieved in the previous year, confirming that Ascom is strategically on track.
Ascom experienced a solid second half-year 2018 with net revenues of CHF 171.5 million (H2/2017: CHF 166.5 million).
America on growth trajectory
North America returned to growth with a strong second half-year. Despite the decline in the first half-year, North America achieved for the full year 2018 a double-digit revenue growth.
EBITDA margin declined to about 12%
EBITDA margin for fiscal year 2018 is lower than in the previous year at about 12% (2017: 14.1%). Given an EBITDA margin of only 6.5% for the first six months in 2018, the profitability could be improved in the second half-year.
Ascom will publish further information, the full details of its financial statements and the 2018 Annual Report at its Annual Results Conference to take place on 7 March 2019.