Ad hoc announcement pursuant to Art.53 LRBaar, Switzerland, 12 March 2025 Summary of financial results for 2024: Net revenue of CHF 286.7 million (2023: CHF 297.3 million), reflecting a decline of 1.6% at constant currencies and of 3.6% at actual currenciesEBITDA of CHF 21.3 million (2023: CHF 30.1 million) with an EBITDA margin of 7.4% (2023: 10.1%) due to lower revenue and higher investmentsGroup profit of CHF 3.7 million (2023: CHF 17.4 million) with earnings per share of CHF 0.10 (2023: CHF 0.48), also due to higher depreciation and amortization and unfavourable tax effectsNet cash position of CHF 18.6 million as of 31 December 2024 (31 December 2023: CHF 24.7 million) with an equity ratio of 39.2% (2023: 39.9%) Capital allocation Dividend proposal of CHF 0.10 per shareShare buyback program of up to 10% of the outstanding share capital and a maximum buyback amount of CHF 15 million planned over the next 18 months for the purpose of capital reduction Guidance for fiscal year 2025 Low single-digit revenue growth at constant currencies EBITDA margin of around 9-10% Revenue development shows mixed resultsIn a challenging market environment, Ascom generated net revenue of CHF 286.7 million for fiscal year 2024 (2023: CHF 297.3 million), which reflects a decline of 1.6% at constant currencies and of 3.6% at actual currencies compared to the previous year.
With the lower gross profit and higher investments in Research & Development (R&D) and Marketing & Sales, Ascom achieved an EBITDA of CHF 21.3 million (2023: CHF 30.1 million) for fiscal year 2024, leading to an EBITDA margin of 7.4% (2023: 10.1%).
Revenue from recurring business increased to about 27% (2023: 25%)Strong order backlogIn 2024, Ascom generated incoming orders of CHF 307.4 million (2023: CHF 318.6 million), representing a decline of 1.5% at constant currencies and of 3.5% at actual currencies.
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