Ascom preliminary results 2025

Ascom has released its preliminary results for fiscal year 2025, revealing a net revenue of CHF 292.1 million, marking a 3.8% increase at constant currency rates and a 1.9% increase at actual rates, compared to 2024's figures of CHF 286.7 million. The company's EBITDA margin is expected to be between 11.5% and 12.0%, a substantial improvement from the previous year's margin of 7.4%. This positive trend is attributed to enhanced revenue, continued operational improvements, and a significant order in the USA that bolstered both growth and profitability.

By region, Ascom experienced revenue growth in all three global markets. The USA & Canada region showed the most significant growth at 7.3%, driven by the aforementioned large order delivered in December. The South region reported a revenue increase of 4.5%, with notable performance in Germany, Italy, and Central and Eastern Europe. Meanwhile, the North region's revenue grew by 1.5%, supported mainly by performance in Norway and Sweden.

Incoming orders also saw an uptick, totaling CHF 311.1 million, a 3.2% increase at constant currencies and 1.2% at actual currencies. The order backlog at year-end stood at CHF 310.7 million, higher than 2024's backlog of CHF 301.5 million.

Ascom maintains a robust financial position, boasting a net cash position of CHF 29.6 million and an equity ratio of approximately 40%. The comprehensive details of the financial statements and the 2025 Annual Report, including the dividend proposal and guidance for 2026, will be disclosed at the Annual Media Conference scheduled for 9 March 2026.

Ascom's preliminary results for the fiscal year 2025 demonstrate a positive trajectory, showcasing a steady growth trajectory and operational improvements that could influence investor sentiment and market dynamics moving forward. The reported net revenue of CHF 292.1 million marks a 3.8% increase at constant currencies, reflecting resilience amidst market fluctuations. Notably, the USA & Canada region exhibited robust performance with a notable 7.3% growth, bolstered by a significant order in December, indicating the potential for enhanced future profitability in this lucrative market.

The forecasted EBITDA margin increase to between 11.5% to 12.0% is particularly impressive, especially when compared with the previous year’s margin of 7.4%. This expansion indicates effective cost management strategies and improved operational efficiencies. Ascom’s ability to convert incoming orders to a CHF 310.7 million backlog signals a confident outlook, providing a strong foundation for sustained growth and revenue generation in 2026. Furthermore, the solid balance sheet—evidenced by a net cash position of CHF 29.6 million and an equity ratio of approximately 40%—creates a safety net for potential investments and market volatility.

Going forward, investors should consider Ascom a compelling opportunity, particularly as the company is expected to report a significant increase in group profit to a low double-digit million amount in CHF. The upcoming Annual Media Conference in March 2026 will be critical, as it will provide more insights into financial statements and strategic initiatives, including potential dividends and 2026 guidance.

In conclusion, with a healthy order backlog, improved margins, and financial solidity, Ascom presents a favorable long-term investment case for market participants. Investors should monitor the upcoming announcements closely, as they may further solidify Ascom's positioning in its sector.