Ascom (ASCN) H1 2026 earnings summary

Executive summary

• Incoming orders rose 14.6% at constant currencies, with a strong order backlog of CHF 344.6–345 million and a book-to-bill ratio of 1.25x.

• Revenue increased 2.6% year-over-year at constant currencies, with positive growth in all regions; after currency translation, revenue was flat.

• EBITDA improved to CHF 13.5 million, with margin rising to 9.7% from 8.6% year-over-year, driven by cost discipline and efficiency gains.

• Group profit more than doubled to CHF 5.4 million, supported by higher operating earnings and lower financial expenses.

• Strategy focuses on expanding software share, vendor-neutral integration, workflow orchestration, and platform-based solutions.

Financial highlights

• Net revenue: CHF 139.8 million (down 0.1% at actual currencies, up 2.6% at constant currencies year-over-year).

• EBITDA: CHF 13.5 million (up from CHF 12.1 million), margin 9.7%.

• EBIT: CHF 7.2 million (up from CHF 5.0 million), margin 5.2%.

• Group profit: CHF 5.4 million (up from CHF 2.2 million).

• CHF 13.3 million returned to shareholders via dividends and share buybacks in H1 2026.

Outlook and guidance

• Guidance for 2026 confirmed: low to mid-single-digit revenue growth at constant currencies, EBITDA margin of 10–12%.

• Strong order backlog and operational discipline provide visibility and confidence for H2 2026 and beyond.

• Geopolitical volatility expected to persist, but demand for solutions remains solid.

• Seasonality expected, with stronger profitability in H2 due to project completions.