Brief: Ascom Holding Says Will Not Achieve 2019 Targets

Ascom Holding AG

14/08/2019 05:44

Aug 14 (Reuters) - Ascom Holding AG  ASCN.S :
    * H1 NET REVENUE OF CHF 137.0 MILLION, DECLINE OF 4.2% AT CONSTANT CURRENCIES (H1/2018: CHF
146.9
MILLION)
    * H1  INCOMING ORDERS OF CHF 161.7 MILLION, DECLINE OF 1.9% AT CONSTANT CURRENCIES (H1/2018:
CHF
169.3 MILLION)
    * H1 GROUP PROFIT INCREASED TO CHF 6.5 MILLION (H1/2018: CHF 5.4 MILLION) DUE TO ONE-OFF
EFFECTS
    * ORDER BACKLOG AS OF 30 JUNE 2019 AT CHF 172.1 MILLION, INCREASE OF 8.7% AT CONSTANT
CURRENCIES
(END OF H1/2018: CHF 164.0 MILLION)
    * FROM A CURRENT POINT OF VIEW, ASCOM WILL NOT ACHIEVE TARGETS 2019 AS COMMUNICATED
    * EBITDA AT CHF 1.4 MILLION, AND EBITDA MARGIN OF 1%, MAINLY DUE TO LOWER REVENUE (H1/2018:
CHF
9.6 MILLION WITH A MARGIN OF 6.5%)
    * OUTLOOK 2019: EXPECTED TO ACHIEVE NET REVENUE OF ABOUT CHF 300 MILLION WITH A HIGH SINGLE
DIGIT
EBITDA MARGIN AS A BASE CASE
    * GROUP PROFIT INCREASED TO CHF 6.5 MILLION (H1/2018: CHF 5.4 MILLION) DUE TO ONE-OFF
EFFECTS

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

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