U Blox Holding AG
SIX:UBXN

Watchlist Manager
U Blox Holding AG Logo
U Blox Holding AG
SIX:UBXN
Watchlist
Price: 134.8 CHF -0.15% Market Closed
Market Cap: 1B CHF

U Blox Holding AG
Investor Relations

u-blox Holding AG engages in the manufacture and sale of wireless semiconductors. The company is headquartered in Thalwil, Zuerich. The company went IPO on 2007-10-26. The firm is engaged in the development, manufacture and marketing of the products and services of global positioning system (GPS) products. The company offers a range of GPS positioning products, including GPS receiver chipsets, GPS receiver modules, GPS receiver boards, GPS smart antennas and GPS antennas, which are in used for navigation, automatic vehicle location, security, traffic control, location based services, timing and surveying. The firm operates in two segments: GPS/wireless products, which is engaged in the development and sale of embedded GPS receivers and wireless modules; and wireless services, which is engaged in the provision of wireless communication technology services in terms of reference designs, software, in-car and Vehicle-to-Vehicle (V2V) communication systems, among others. In August 2013, the Company opened an LTE Radio Frequency (RF) design center in Cork, Ireland.

Show more
Loading
UBXN
Swiss Market Index
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q2 2023
Call Date
Aug 18, 2023
AI Summary
Q2 2023

Revenue Growth: u-blox delivered double-digit revenue growth of 15% at constant currencies in H1 2023, despite a strong prior year and weak macro environment.

Profitability: Adjusted EBIT reached CHF62 million with an 18.6% margin, and adjusted net profit was CHF48 million, showing profitability remained strong.

Gross Margin Decline: Gross profit margin fell to 46.8% from 48.9% a year prior, mainly due to product mix changes, and management expects margin pressure to continue in H2.

Cash Flow Challenge: Free cash flow was negative CHF13 million in H1, mainly due to increased net working capital from higher inventories and receivables.

Guidance Cut: Full-year 2023 guidance was lowered, primarily due to currency headwinds and cautious customer ordering as supply chain conditions normalize.

Order Visibility: About 90% of the lower end of new revenue guidance is already covered by orders in the system.

Market Trends: Strongest revenue growth came from automotive and industrial markets, while Americas and consumer segments remained weak.

Product & Partnership: New products and partnerships, including with Orbcomm for satellite IoT, are positioned to support future growth.

Key Financials
Revenue
CHF332 million
Adjusted EBIT
CHF62 million
EBIT Margin
18.6%
Adjusted Net Profit
CHF48 million
Gross Profit
CHF156 million
Gross Profit Margin
46.8%
Free Cash Flow
-CHF13 million
Net Cash Position
CHF55 million
R&D Expenses
CHF60 million
SG&A Expenses
CHF44 million
Operating Cash Flow
CHF10.5 million
Net Working Capital Change
CHF67 million
Inventory
CHF126 million
Tax Rate
16.4%
Earnings Call Recording
Other Earnings Calls
2023

Management

Dr. Stephan Zizala
Chief Executive Officer
No Bio Available
Mr. Andreas Thiel
Co-Founder & Head of Product Centers
No Bio Available
Mr. Markus Schafer
Executive Vice President of Sales & Marketing
No Bio Available
Mr. Jean-Pierre Wyss
Head of Production and Logistics & Executive Director
No Bio Available
Ms. Camila Japur
Chief Financial Officer
No Bio Available
Rafael Duarte
Head of Investor Relations
No Bio Available

Contacts

Address
ZUERICH
Thalwil
Zuercherstrasse 68
Contacts
+41447227444.0
www.u-blox.com