Ascom's FY net revenue up 3.1 percent

Friday 2 March 2018 | 12:26 CET | News

Ascom, a global provider of healthcare ICT and mobile workflow products, headquartered in Switzerland, said it achieved solid financial results in 2017. Incoming orders increased significantly and came to CHF 324.8 million, up from CHF 302.9 million in 2016. In terms of revenue, the second half of 2017 was much stronger than the first six months. Overall, net revenue increased to CHF 309.7 million, representing a growth rate of 3.1 percent (2.3 percent at constant currencies).

As expected, EBITDA significantly improved in the second half of 2017. For the full-year 2017, the EBITDA margin came to 14.1 percent compared to 9.5 percent in 2016. With this result, Ascom met its profitability target as communicated. The EBITDA margin achieved 17.8 percent in the second half-year 2017 compared to 9.7 percent in the first half.

While business activities in Europe showed good growth and the OEM business bounced back, the operations in North America did not meet expectations. Therefore, targeted measures were initiated to significantly strengthen the market position in this region. Moreover, important strategic partnerships with strong players such as GE Healthcare and Drager were signed in 2017. Double-digit growth could be achieved with software sales.

Ascom closed 2017 with a group profit of CHF 25.9 million compared to a group loss of CHF 145.7 million in 2016 (which was impacted by a one-time effect in connection with the divestment of the Network Testing division as of 30 September 2016).

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