Analysis

u-blox expects continued strong growth for 2017

12th January 2017
Enaie Azambuja
0

u-blox forecasts for FY 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 FY 2017 u-blox 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.

Product Spotlight

Upcoming Events

View all events
Newsletter
Latest global electronics news
© Copyright 2024 Electronic Specifier