In line with the communicated targets, Ascom achieved a revenue growth of 3.5% (at constant currencies) and an EBITDA margin of 8.9% for fiscal year 2020, based on preliminary unaudited figures.
Based on preliminary and unaudited results, Ascom generated net revenue of CHF 281.0 million for fiscal year 2020, which reflects an increase of 3.5% compared to the prior year (2019: CHF 282.9 million) at constant currencies.
Incoming orders came to CHF 322.4 million, representing a growth of 6.2% (at constant currencies), while the order backlog increased to CHF 215.6 million (+ 20.8% at constant currencies).
Ascom improved its operational profitability in 2020 and achieved an EBITDA of CHF 24.9 million with an EBITDA margin of 8.9% (2019: CHF 0.8 million with an EBITDA margin of 0.3%).
Cash generation throughout the year was positive resulting in a net cash position of CHF 12.8 million as of 31 December 2020.
Ascom will publish further details and the full Annual Report 2020 at its Annual Results Conference on 11 March 2021.