Outlook For the 2021 financial year, u-blox is further updating its guidance based on continued strong demand throughout, balanced by near-term uncertainties and challenges caused by supply constraints for components. Additionally, the company is anticipating additional costs related to the integration of the Sapcorda acquisition and efforts related to adapting certain products to align with component availability. The company is also expecting lower R&D capitalization in future periods in connection with implementing more agile product development models. The indications are made on the basis of the previous year average foreign exchange rates. 


                    Actual                      Updated      Updated 
                   FY 2020                    (adjusted)    (adjusted) 
(in CHF millions) (adjusted)                  1 June 2021 20 August 2021 
Revenue              334     Revenue growth^1   11.19%        15.19% 
EBITDA                42     EBITDA margin      16.22%        16.20% 
EBIT                  18     EBIT margin         9.12%         6.9%

^1) Exchange rate assumptions for 2021: Average rate of 2020 (USD: 0.939, EUR: 1.075, GBP: 1.204)

Conference call and webcast details Thomas Seiler, CEO, and Roland Jud, CFO, will host a conference call and webcast with analysts and investors Friday, 20 August, at 2:30 PM CET.

To participate, please dial the following number approximately 10 minutes prior to the start of the call:

Switzerland / Europe: +41 (0) 58 310 50 00 United Kingdom: +44 (0) 207 107 06 13 United States: +1 (1) 631 570 56 13 Webcast Participants' Links: Pre-Registration Link: https://ccwebcast.eu/links/ublox210820/indexl.html The webcast will be available at the u-blox website after the event. Entire press release with tables: https://www.u-blox.com/en/ad-hoc-releases/u-blox-reports-h1-2021-financial-results

Half year report: https://www.u-blox.com/sites/default/files/half-year-report-2021.pdf

Presentation: https://www.u-blox.com/sites/default/files/Presentation_H1_2021.pdf

About u-blox

u-blox (SIX:UBXN) is a global technology leader in positioning and wireless communication in automotive, industrial, and consumer markets. Their smart and reliable solutions, services and products let people, vehicles, and machines determine their precise position and communicate wirelessly over cellular and short range networks. With a broad portfolio of chips, modules, and secure data services and connectivity, u-blox is uniquely positioned to empower its customers to develop innovative and reliable solutions for the Internet of Things, quickly and cost-effectively. With headquarters in Thalwil, Switzerland, the company is globally present with offices in Europe, Asia, and the USA. ( www.u-blox.com)

Find us on Facebook, LinkedIn, Twitter @ublox and YouTube

Financial calendar Analyst day: 23 November, 2021 Full year results 2021: 11 March, 2022 Annual General Meeting: 20 April, 2022

u-blox investor releations contacts:

Switzerland and Europe:

Doris Rudischhauser, c/o Dynamics Group AG Phone: +41 79 410 81 88 E-mail: doris.rudischhauser@u-blox.com

US:

Jeehae Linford, c/o The Equity Group Inc. Phone: +1 (212) 836-9615 E-mail: jlinford@equityny.com

u-blox AG Zürcherstrasse 68 8800 Thalwil Switzerland Phone +41 44 722 74 44 Fax +41 44 722 74 47 info@u-blox.com www.u-blox.com

Disclaimer This release contains certain forward-looking statements. Such forward-looking statements reflect the current views of management and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the u-blox Group to differ materially from those expressed or implied. These include risks related to the success of and demand for the Group's products, the potential for the Group's products to become obsolete, the Group's ability to defend its intellectual property, the Group's ability to develop and commercialize new products in a timely manner, the dynamic and competitive environment in which the Group operates, the regulatory environment, changes in currency exchange rates, the Group's ability to generate revenues and profitability, and the Group's ability to realize its expansion projects in a timely manner. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this report. u-blox is providing the information in this release as of this date and does not undertake any obligation to update any forward-looking statements contained in it as a result of new information, future events or otherwise. This press release is published in German and English. Should the German translation differ from the English original, the English version is binding.

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End of Media Release

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Language:     English 
Company:      u-blox AG 
              Zürcherstrasse 68 
              8800 Thalwil 
              Switzerland 
Phone:        +41 44 722 74 44 
Fax:          +41 44 722 74 47 
E-mail:       info@u-blox.com 
Internet:     www.u-blox.com 
ISIN:         CH0033361673 
Listed:       SIX Swiss Exchange 
EQS News ID:  1227815 
 
End of News   EQS Group News Service 
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1227815 2021-08-20

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1227815&application_name=news

(END) Dow Jones Newswires

August 20, 2021 01:00 ET (05:00 GMT)