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Ascom : Full-Year Results 2023 Presentation English
March 04, 2024 at 11:42 pm EST
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Focus on growth
2023 Financial Results Media Conference March 5, 2024
Welcome
Daniel Lack, Company Secretary
Agenda
1.
Full-year 2023 at a glance
Nicolas Vanden Abeele, CEO
2.
Financial Review 2023
Dominik Maurer, CFO
3.
Strategy & Business Update
Nicolas Vanden Abeele, CEO
4.
Guidance
Nicolas Vanden Abeele, CEO
5.
Questions & Answers
Annual Media Conference 2024 | 5 March 2024 | ©2024 ASCOM 3
Full-year 2023 at a glance
Nicolas Vanden Abeele, CEO
Full-year 2023 at a glance
Good progress and financial performance despite macroeconomic headwinds in H2/2023
Net revenue growth of 5.5% at constant currencies (flat at actual currencies)
Flat incoming orders at constant currencies with solid order backlog
Increase of EBITDA margin to 10.1% (8.0% in 2022)
Strong net profit of 17.4mCHF (11.0mCHF in 2022) and increased EPS to 0.48 CHF (0.31 CHF in 2022)
Solid equity ratio (39.9%) and improved net cash position (24.7mCHF)
Annual Media Conference 2024 | 5 March 2024 | ©2024 ASCOM 5
2023 Highlights
Good progress on financials despite slower H2/2023
Revenue
In actual currencies (mCHF)
0.0%
297.4
297.3
2022
2023
5.5% YoY revenue growth at constant currencies
H1: 10.3% growth at constant currencies and strong performance in DACH and UK
Slowdown in H2 across all regions
Incoming Orders
In actual currencies (mCHF)
335.7
-5.1%
318.6
2022
2023
Flat Incoming Orders at constant currencies
Strong IO in NL, US, DACH
Book-to-bill ratio of 1.1
Solid order backlog at year end of 276.4mCHF (276.5mCHF in 2022)
EBITDA & Net Profit
In actual currencies (mCHF)
+6.2
30.1
+6.4
23.9
17.4
11.0
EBITDA
Net Profit
2022 2023
2022 2023
EBITDA margin increase to 10.1% (8.0% in 2022)
Strong H2 EBITDA of 12.8% despite lower NR growth
Efficiency gains and cost mgt.
Solid net profit growth to 17.4mCHF
Strong EPS accretion (+55%)
Free Cash Flow
In actual currencies (mCHF)
+20.1
16.3
-3.8
2022 2023
Strong cash flow generation of 16.3mCHF (vs. -3.8mCHF in 2022)
Annual Media Conference 2024 | 5 March 2024 | ©2024 ASCOM 6
Selected Healthcare Wins in 2023 (by customers)
Annual Media Conference 2024 | 5 March 2024 | ©2024 ASCOM
7
Selected Healthcare Wins in 2023 (by products)
DACH
Finland
DACH
Netherlands
USA
Kreiskliniken
Istekki
Health Holding
Radcliff VA
Patyna
Darmstadt-Dieburg
Framework
Lüneburg
Medical Center
Long-term Care
Acute Care
Agreement
Acute Care
Acute Care
Ascom Healthcare
Nurse Call
Software/Mobility
Nurse Call
Nurse Call /
Platform
Software
Netherlands
UK
Sweden
USA
USA
Maasstad Hospital
Children's Hospital
HSO
4 Big IDN's
York Hospital
Acute Care
Acute Care
Framework
Acute Care
Acute Care
Agreement
Ascom Healthcare
Ascom Healthcare
Ascom Healthcare
Ascom Healthcare
Nurse Call /
Platform
Platform
Platform
Platform
Software
Annual Media Conference 2024 | 5 March 2024 | ©2024 ASCOM 8
Selected Enterprise Wins in 2023
Annual Media Conference 2024 | 5 March 2024 | ©2024 ASCOM 9
Financial Review 2023
Dominik Maurer, CFO
Attachments
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Disclaimer
Ascom Holding AG published this content on
04 March 2024 and is solely responsible for the information contained therein. Distributed by
Public , unedited and unaltered, on
05 March 2024 04:42:04 UTC .
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Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
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Ascom Holding AG is a Switzerland-based solutions provider focused on healthcare Information and Communications Technology (ICT) and mobile workflow solutions. The Company provides mission-critical, real-time solutions for mobile, ad hoc, and time-sensitive environments to close digital information gaps allowing for the best possible decisions anytime and anywhere. Ascom Holding AG uses its product and solutions portfolio and software architecture capabilities to devise integration and mobilization solutions that provide truly smooth, complete, and efficient workflows for healthcare as well as for industry and retail sectors. The Company operates in 18 countries, such as United States, France, Germany, Sweden among others.
More about the company
Last Close Price
8.11
CHF
Average target price
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CHF
Spread / Average Target
+50.02%
Consensus
1st Jan change
Capi.
-1.34% 321M -7.96% 186B +26.39% 95.16B +51.52% 65.67B +16.55% 59.99B +27.47% 31.26B +17.66% 21.29B +2.33% 20.39B +39.29% 17.43B +1.81% 16.51B
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