EQS-News : u-blox AG: u-blox reports full year -2-

Due to differing maturities of projects in the R&D pipeline and the refocusing of some development projects across all 
product categories, capitalization of development costs decreased to CHF 36.8 million from CHF 50.0 million in 2019. 
In 2020, 88.3% of total investments went into the development of new products compared to 87.9% in 2019. No investments 
were made into production capacity expansion in 2020 and also none in 2019. 
Financing Activities 
In 2020, u-blox paid total dividends of CHF 4.3 million by means of a par value reduction of CHF 0.60 to CHF 14.80 per 
share. 
Financial Position 
At 31 December 2020, u-blox had a solid balance sheet with an equity ratio of 54.6%. Cash, cash equivalents, and 
marketable securities totaled CHF 94.4 million as of 31 December 2020, compared with CHF 128.3 million as of 31 
December 2019. 
Goodwill increased due to the acquisition of Thingstream from CHF 56.0 million in 2019 to CHF 60.0 million, or 11.6% of 
total assets, in 2020. 
Based on the challenges faced and the Company's financial results in 2020, the Board of Directors will not propose any 
form of dividend payment at the Annual General Meeting this year. 
Management Commentary 
Thomas Seiler, CEO of u-blox, commented, "We ended 2020 with a record orderbook, driven by the long-term growth drivers 
of our business combined with resurgent demand that began to materialize in the second half of 2020 and continued to 
accelerate through the end of the year. We are experiencing this significant increase in demand across all of our 
regions and throughout our end markets. The restart in business activity has been particularly strong in automotive, 
and geographically, in the Americas and EMEA, where production and business shutdowns were substantial during 2020 due 
to the COVID-19 pandemic. Currently, our orderbook is approximately four times the amount we held in summer 2020 and we 
are very optimistic about the level of opportunities that we see available to u-blox in 2021." 
"The global semiconductor industry is contending with a tight supply chain situation as the pandemic drove greater than 
expected demand for electronic devices and digital products. This circumstance is particularly acute in the automotive 
supply chain. We have been managing our situation carefully, and we are working closely with our customers to offer 
multiple alternatives to mitigate." 
"We are solidly positioned in EMEA and AMEC to grow as their economies continue to fully reopen. In the Americas, 
issues with full adoption of CATM1 networks have been resolved and we plan to capture this and other opportunities with 
targeted go-to-market plans, especially with key accounts. EMEA is expected to benefit from a strong swing in 
automotive and we will also focus on expanding share in several fast-growing accounts in both automotive and 
industrial. We are also expecting solid growth in APAC in 2021, with automotive being a key factor in Japan and Korea. 
China will continue to be the largest part of our business in APAC and we expect continued growth evidenced by recent 
design wins and strong momentum across end markets. We see no abatement of the secular trends driving the ubiquitous 
growth of positioning and wireless technology for the industrial IoT, and moreover we believe the pandemic has 
accelerated the digital and electronic transformation shaping in our world." 
Outlook 
For 2021, u-blox is providing the following high-level guidance: While we are currently experiencing a strong level of 
business activity across our regions and end markets, the situation remains challenging due to the continued 
uncertainty caused by the ongoing impact of the COVID-19 pandemic on the global economy as well as the present tight 
supply situation within the global semiconductor industry. The indications are made on the basis of the previous year 
average foreign exchange rates. 
- Revenue growth in the range 5% to15% 
- EBITDA margin (adjusted) in the range of 16% to 22% 
- EBIT margin (adjusted) in the range of 9% to 15% 
Entire press release with tables 
2020 Full year report 
Presentation 
Conference call and webcast details 
Thomas Seiler, CEO and Roland Jud, CFO, will host a conference call and webcast with analysts and investors Friday, 12 
March, at 2:30 PM CET. 
To participate, please dial the following number approximately 10 minutes prior to the start of the call: 
Switzerland / Europe: [phone] 
United Kingdom: [phone] 
United States: [phone] 
Other numbers: See list 
Pre-Registration Link: https://ccwebcast.eu/links/ublox210312/indexl.html 
The webcast will be available at the u-blox website after the event. 
About u-blox 
u-blox (SIX:UBXN) is a global provider of leading positioning and wireless communication technologies for the 
automotive, industrial, and consumer markets. Their solutions 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 a growing ecosystem of product supporting data services, u-blox is uniquely positioned to empower its 
customers to develop innovative 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. 
Find us on www.u-blox.com, Facebook, LinkedIn, Twitter @ublox and YouTube 
Financial calendar 
Annual General Meeting: 22 April, 2021 
Half year results 2021: 20 August, 2021 
Analyst day: 23 November, 2021 
u-blox investor releations contacts: 
Switzerland and Europe: 
Doris Rudischhauser, c/o Dynamics Group AG 
Phone: [phone] 
E-mail: [e-mail] 
 
US: 
Jeehae Linford, c/o The Equity Group Inc. 
Phone: [phone] 
E-mail: [e-mail] 
u-blox AG 
Zürcherstrasse 68 
8800 Thalwil 
Switzerland 
Phone [phone] 
Fax [phone] 
[e-mail] 
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:        [phone] 
Fax:          [phone] 
E-mail:       [e-mail] 
Internet:     www.u-blox.com 
ISIN:         CH0033361673 
Listed:       SIX Swiss Exchange 
EQS News ID:  1175077 
 
End of News   EQS Group News Service 
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1175077 2021-03-12

(END) Dow Jones Newswires

March 12, 2021 01:02 ET (06:02 GMT)