u-blox Revenues Up 33.1% in H1 2015

u-blox Revenues Up 33.1% in H1 2015
GPS chipset and connectivity module vendor u-blox announced last week very positive financial results for the first half of 2015.

The Swiss company generated revenues of CHF 161.9 million ($165.2 million) during the first half of 2015, an increase of 33.1% compared with the same period last year.

Gross profit rose from CHF 57.6 million ($58.8M) to CHF 72.8 million ($74.3M), with gross profit margin remaining high at 44.9%.

Operating profit (EBIT) was up from CHF 18.8 million ($19.2M) to CHF 24.8 million ($25.3M), an improvement of 31.9% over the same period last year.

The EBITDA margin stood at 22.6%, EBIT margin at 15.3% and net profit was CHF 15.0 million ($15.3M) compared to CHF 14.4 million ($14.7M) for the same period last year, it was influenced by the EUR/CHF exchange rate.

The net cash generated from operating activities was CHF 20.5 million ($20.9M), representing 12.7% of revenue.

Cash and cash equivalents and marketable securities amounted to CHF 91.6 million ($93.5M) at June 30, 2015, compared with CHF 59.4 million ($60.6M) at December 31, 2014.

See below the slide deck of u-blox to investors:

Wednesday, September 9th 2015

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