Brief: Ascom Holding: Jeannine Pilloud To Assume Operational Management As Acting CEO

Ascom Holding AG

05/08/2019 05:43

Aug 5 (Reuters) - ASCOM HOLDING AG  ASCN.S :
    * JEANNINE PILLOUD TO ASSUME OPERATIONAL MANAGEMENT AS
ACTING CEO
IN ADDITION TO ROLE AS CHAIRPERSON OF BOARD OF DIRECTORS
    * HOLGER CORDES IS LEAVING ASCOM AS CEO IN ORDER TO PURSUE
NEW
PROFESSIONAL OPPORTUNITIES
    * H1 GROUP PROFIT INCREASED TO CHF 6.5 MILLION (H1/2018: CHF
5.4
MILLION) DUE TO ONE-OFF EFFECTS
    * H1 NET REVENUE OF CHF 137 MILLION, DECLINE OF 4.2% AT
CONSTANT
CURRENCIES VERSUS FIRST HALF-YEAR 2018 (H1/2018: CHF 146.9
MILLION)
    * H1 PROFITABILITY IN FIRST HALF-YEAR IS LOWER THAN IN
PREVIOUS
YEAR DUE TO DECLINE IN REVENUE
    * EBITDA MARGIN FOR FIRST SIX MONTHS IS EXPECTED AT 1%
COMPARED TO
6.5% FOR FIRST HALF-YEAR 2018

Source text - https://bit.ly/2OGEYct
Further company coverage:  ASCN.S 

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