Troubled Berne, Switzerland-based telecommunications equipment company firm Ascom Holding AG is keeping up its recent record of making its every statement more negative than the last one issued, and yesterday warned that it now expects to report a substantial loss in 1993, partly as a result of retructuring costs and provisions. The company says that the 1993 loss will be higher than the $31m it lost last year, and that orders were flat at $2,165. Turnover declined by 8% to $2,093m in 1993. The company expects to profitable by 1995, new chief executive Fred Sutter told Der Bund. We are in the process of working through the budget according to the new structures. We reckon there won’t be any more significant losses in 1994 and that we again can achieve a profit in 1995.
