sur U-blox AG (isin : CH0033361673)
U-blox Releases Third Quarter 2024 Trading Update
U-blox AG, a leader in positioning and wireless communication technologies, announced its third-quarter 2024 trading update. The company reported CHF 77.6 million in revenue, up 19% from the previous quarter but down 25% year-over-year. The decrease reflects ongoing challenges in some key markets.
EBIT under IFRS fell to CHF -11.1 million, compared to CHF -4.4 million a year earlier. Adjusted EBIT also dropped to CHF -7.0 million from CHF 2.4 million in Q3 2023. The EBIT margin decreased significantly, influenced by lower revenue and reduced capitalization of development costs.
Despite these financial challenges, u-blox launched its X20 GNSS platform, promising high precision for mass markets. Additionally, a strategic partnership with Topcon Positioning Systems aims to enhance their correction service offerings.
Looking ahead, u-blox expects challenging market conditions to continue but anticipates recovery in 2025. Q4 2024 revenue is projected to be between CHF 60 and 70 million.
R. E.
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