This presentation contains certain forward-looking statements. Such forward-looking statements reflect the current views of management and are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results, performance or achievements of the Group to differ materially from those expressed or implied herein.
Should such risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this presentation.
u-blox is providing the information in this presentation 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.
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u-blox Holding AG
Agenda
H1 2021 financial results
H1 2021 business review
Strategy
Outlook
Q&A
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u-blox Holding AG
H1 2021 financial results summary
H1 2021
H1 2020
Change 2021
IFRS
to 2020
(CHF millions, except EPS and margins)
reported
adjusted1
adjusted1
Revenue
192.7m
192.7m
174.0m
10.8%
(at constant exchange rates)
(16.5%)
Gross Profit
89.7m
89.9m
79.4m
13.3%
Gross margin (%)
46.6%
46.7%
45.6%
EBITDA
25.4m
28.7m
24.1m
19.0%
EBITDA margin (%)
13.2%
14.9%
13.9%
Operating Profit (EBIT )
5.6m
10.5m
13.2m
-20.5%
EBIT margin (%)
2.9%
5.5%
7.6%
Net Profit
2.3m
6.3m
4.7m
34.5%
Cash Flow from operating activities
43.0m
43.0m
13.9m
210.1%
Free Cash Flow
27.7m
27.7m
-21.9m
226.3%
EPS in CHF, fully diluted
0.32
0.89
0.67
Excl. Share-based payments, impacts based on IAS-19, amortization of intangible assets acquired, impairments and non-recurring expenses
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u-blox Holding AG
Financial highlights
Financial results reflect solid growth driven by expansion of demand, but highly limited by component constraints
Total revenues of CHF 192.7m, an increase of 10.8% (16.5% at constant exchange rates)
APAC revenues increased by 5.4% to CHF 73.9m
EMEA revenues increased by 15.0% to CHF 59.4m
AMEC revenues increased by 22.4% to CHF 59.9m
Gross profit contribution (adjusted) of CHF 89.9 million, growth of 13.3%
Gross margin (adjusted) 46.7%, highest gross margin since H1 2018
EBITDA (adjusted) was CHF 28.7m, compared to CHF 24.1m last year
Cash flow from operating activities of CHF 43.0m in H1 2021, compared to CHF 13.9m last year
Free cash flow of CHF 27.7m (H1 2020: CHF -21.9m)
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u-blox Holding AG
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u-blox Holding AG published this content on 20 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 August 2021 05:03:03 UTC.
U Blox Holding AG is a Switzerland-based semiconductor provider. The Company is engaged in the development, manufacture and marketing of the products and services of global positioning system (GPS) products. It 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 Company 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.