Brief: Ascom Proposes Not To Pay Out A Dividend For 2019

Ascom Holding AG

05/03/2020 05:38

March 5 (Reuters) - Ascom Holding AG  ASCN.S :
    * FY NET REVENUE OF CHF 282.9 MILLION, DECLINE OF 8.5% AT CONSTANT CURRENCIES
    * ORDER BACKLOG AS OF 31 DECEMBER 2019 AT CHF 177.5 MILLION, INCREASE OF 22% AT CONSTANT
CURRENCIES
    * FY EBITDA AT CHF 0.8 MILLION, DUE TO LOWER REVENUE, HIGH COST BASE AND RESTRUCTURING COSTS
    * NEW GROUP STRUCTURE AND COST SAVINGS PROGRAM
    * 2020 TARGETS: LOW SINGLE DIGIT REVENUE GROWTH (AT CONSTANT CURRENCIES) WITH A HIGH SINGLE
DIGIT
EBITDA MARGIN
    * COMPREHENSIVE COST-SAVING PROGRAM HAS BEEN INITIATED IN ORDER TO REDUCE ANNUAL COST BASE
BY CHF
10 TO 15 MILLION
    * PROPOSES NOT TO PAY OUT A DIVIDEND FOR 2019 ACCORDINGLY.
    * EXPECTS 2020 TO BECOME A CHALLENGING YEAR OF TRANSITION

Source text - https://bit.ly/2wy3Dad
Further company coverage:  ASCN.S 

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