u-blox provided earnings guidance for the full year of fiscal 2016 and 2017. The company forecasts for fiscal year 2016 revenues of CHF 360 million, and EBIT between CHF 56 and 58 million. The revenue was lower than expected due to slow business progress in the Americas where customers delayed further investments into mobility solutions, and took a more prudent approach in launching new products. The EBIT prediction has been narrowed down and remains high as before, and in relative terms it has improved again, profiting from a favorable product mix. Investments into R&D were maintained as budgeted. For fiscal 2017, the company foresees continued growth in all regions and expects revenues of between CHF 410 and 425 million, with EBIT in the range of CHF 60 to 65 million.