Ascom reports solid 2025 full-year results

Core Viewpoint - Ascom's 2025 financial year demonstrated significant operational improvements and strategic execution, indicating positive momentum despite ongoing challenges [1] Financial Results Summary - Ascom generated net revenue of CHF 292.1 million in 2025, reflecting a growth of 3.8% at constant currencies and 1.9% at actual currencies compared to CHF 286.7 million in 2024 [4][8] - The company achieved a gross profit of CHF 140.8 million, resulting in a gross margin of 48% [7] - EBITDA increased to CHF 34.3 million, with an EBITDA margin of 11.7%, up from 7.4% in 2024 [7][8] - Group profit rose to CHF 15.1 million, with earnings per share increasing to CHF 0.43 [8] Regional Performance - The USA & Canada region experienced the highest growth at 7.3% at constant currencies, while the South region grew by 4.5% and the North region increased by 1.5% [5] Market Segment Breakdown - The Healthcare sector accounted for 66% of total revenue, while the Enterprise segment represented 28% and the OEM business accounted for 6% [6] Operational Efficiency and Innovation - Ascom underwent a significant organizational redesign, consolidating six regions into three, which improved project execution and customer responsiveness [3] - The company focused on enhancing software capabilities and interoperability, leading to a unified platform that improves operational efficiency [9] Order Backlog and Cash Position - Incoming orders totaled CHF 311.1 million, reflecting a growth of 3.2% at constant currencies, with an order backlog of CHF 310.7 million at the end of 2025 [10] - Ascom's net cash position was CHF 29.6 million as of December 31, 2025, with no outstanding borrowings [11] Outlook for 2026 - Ascom targets low to mid-single-digit revenue growth at constant currencies and an EBITDA margin of 10-12% for fiscal year 2026 [13] - The company is well-positioned to leverage opportunities from digital transformation in healthcare and enterprise markets [12]