u-blox Holding AG announced consolidated earnings results for the first half ended June 30, 2017. For the period, the company posted a 7.9% increase in revenues from CHF 179.7 million to CHF 193.9 million. Operating profit (EBIT) was up from CHF 27.8 to CHF 29.5 million, representing an improvement of 6.1% over the same period last year, while the EBITDA margin stood at 20.8%. There was a 2.6% decrease in net profit, which declined from CHF 18.5 million in 2016 to CHF 18.0 million, due to foreign exchange impact. Net cash flow from operations was CHF 22.1 million, which represented 11.4% of revenue. Revenue growth was slightly negatively impacted by 0.3% foreign exchange decay.

For 2017, u-blox anticipates EBIT as before of between CHF 60 million and CHF 65 million, based on revenue predictions of between CHF 410 million and CHF 425 million, with unchanged assumptions for foreign exchange rates.