Strong 2013 results for u-blox

Wireless communications provider u-blox has announced strong top and bottom line growth in its financial report for 2013. Consolidated revenue US$249 million, a growth of 27.0 per cent compared to 2012; gross profit improved from US$92 million to US$1.2 million, with a continued good profit margin of 36 per cent; operating profit (EBIT) increased from US$25.99 million to US$34.1 million, a growth of 30.9 per cent compared to 2012; net profit increased by 44.3 per cent from US$19.3 million to US$27.8 mill
March 21, 2014 Read time: 2 mins
Wireless communications provider 602 U-Blox has announced strong top and bottom line growth in its financial report for 2013.

Consolidated revenue US$249 million, a growth of 27.0 per cent compared to 2012; gross profit improved from US$92 million to US$1.2 million, with a continued good profit margin of 36 per cent; operating profit (EBIT) increased from US$25.99 million to US$34.1 million, a growth of 30.9 per cent compared to 2012; net profit increased by 44.3 per cent from US$19.3 million to US$27.8 million, representing a 11.2 per cent net profit margin for 2013.

U-Blox has a healthy balance sheet with a high equity ratio of 79.7 per cent and worldwide sales growth of 27 per cent in 2013.

The company’s dominance in components for vehicle tracking was maintained with continued expansion. High growth was also experienced in the in-dash automotive navigation market. Business also grew strongly for people and animal monitoring devices, financial transaction terminals, recreation equipment and vehicle telematics systems.
Networking & Communication Systems

For more information on companies in this article

Related Content

  • Brooklyn eyes Bogota’s BRT system
    June 17, 2016
    David Crawford considers the increased interest in bus rapid transit and looks that the latest trends. Bus rapid transit (BRT) is gaining an increasingly high profile in the US public transport agenda, for two main reasons. One is the potential for ‘trains on wheels’ to save substantially on installation costs as compared with other modes such as underground metros or light-rail transit. Another, highlighted in the case of New York City, is the value of having a rapid surface-based alternative available whe
    Read More
  • Moody’s projects positive 2017 outlook for US toll roads industry
    December 2, 2016
    The outlook for the US toll road industry remains positive, reflecting the expectation of continued strong traffic and revenue growth in the next 12 to 18 months, according to Moody’s Investors Service in its yearly outlook, Tolls Roads – US: 2017 Outlook – Strong Traffic and Revenue Growth Support Positive Outlook. Moody’s estimates that median traffic growth among 48 rated toll roads will range from three per cent to four per cent in the remainder of 2016 and into 2017, and that median toll revenue wil
    Read More
  • Highway 99 revisited
    May 2, 2024
    The effects of Covid are still being felt. David Arminas considers how the pandemic has affected toll revenue on Seattle’s newish SR99 tunnel – and looks at the traffic management and emergency plans in place for drivers
    Read More
  • Growth of smart parking market and parking reservation systems
    August 6, 2015
    ReportsnReports.com’s latest research report, Global Smart Parking Market 2015-2019 says increased use of data analytics to optimise parking is one of the key trends being witnessed in this market across the globe. The research discusses trends, forecasts and growth prospects segmented by geography along with information on leading players of the worldwide industry. Data analytics software is predominantly used these days to provide better parking facilities to consumers. Data analytics provide an approp
    Read More

Highlighted Content