Ascom: Shares drop on "weak" H1, CEO departure

Ascom Holding AG

05/08/2019 08:33

** Ascom Holding's  ASCN.S  shares fall 11% to their lowest
in almost five years 
    ** Swiss communications equipment company announces CEO
departure and preliminary H1 results  urn:newsml:reuters.com:*:nFWN24Y1YI
    ** Vontobel says that FY targets look "challenging"
following "weaker" H1 development
    ** The broker says it is still concerned regarding Ascom's 
mid-term targets and keeps its EBITDA margin estimates below the
company's targets



 ((Linda.pasquini@tr.com))