Brief: Ascom H1 EBITDA Up At CHF 8.4 Mln

Ascom Holding AG

17/07/2020 06:04

July 17 (Reuters) - ASCOM HOLDING AG  ASCN.S :
    * NET REVENUE OF CHF 133.4 MILLION FOR FIRST HALF-YEAR 2020
INCLUDING A NEGATIVE CURRENCY IMPACT OF ABOUT CHF 7.5 MILLION
    * H1 INCOMING ORDERS CAME TO CHF 154.8 MILLION (+1.1% AT
CONSTANT
CURRENCIES) WHILE ORDER BACKLOG INCREASED TO CHF 194.3 MILLION
(+ 17.6% AT CONSTANT CURRENCIES).
    * H1 EBITDA OF CHF 8.4 MILLION (H1/2019: CHF 1.4 MILLION)
WITH AN
EBITDA MARGIN OF 6.3% (H1/2019: 1.0%).
    * EXPECTS A SMALL GROUP LOSS OF CHF 0.3 MILLION FOR FIRST
HALF-YEAR 2020.
    * REITERATES TARGETS FOR FISCAL YEAR 2020 TO ACHIEVE A LOW
SINGLE
DIGIT REVENUE GROWTH (AT CONSTANT CURRENCIES) WITH A HIGH SINGLE
DIGIT EBITDA MARGIN

Source text: https://bit.ly/30glE8w
Further company coverage:  ASCN.S 

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