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

  • Fujitsu and Ingenico join forces on Merseyrail ticketing
    April 16, 2014
    Fujitsu, in collaboration with Ingenico, has upgraded UK transport operator Merseyrail’s ticketing systems to enable contactless payment, enabling 63 Merseyrail stations across the UK to offer contactless payment in terminals and manned ticket outlets. Merseyrail will retain the Fujitsu Star point-of-sale ticketing system which it has operated for the past nine years and Fujitsu, in conjunction with Ingenico, will provide 92 iPP320 contactless PinPads and Axis, its proprietary centralised payment proces
    Read More
  • UK's Hindhead tunnel pushes the boundaries of traffic management
    January 23, 2012
    The new Hindhead Tunnel is the first in the UK to use radar-based incident detection. Paul Arnold, project manager with the Highways Agency, talks about the project. The comparatively remote location of the A3 Hindhead Tunnel has resulted in it becoming one of the most sophisticated in the UK in terms of monitoring and control systems, according to Paul Arnold, project manager for the Highways Agency (HA), which manages strategic roads in England and Wales. It is the first tunnel in the UK to use radar for
    Read More
  • Transition to all electronic tolling leads to cost savings
    February 2, 2012
    How a temporary congestion-relief solution resulted in the North Texas Tollway Authority's transition to all-electronic toll collection and potential savings of up to $472 million by 2045. By Carla Kienast, ETC Corporation
    Read More
  • Infrastructure and the autonomous vehicle
    December 12, 2014
    Harold Worrall ponders the effect of autonomous vehicles on transportation infrastructure. For the last century the transportation industry has been focused on the supply of infrastructure to support the ever growing fleet of vehicles and the greater number of miles covered by each vehicle. Our focus has been planning, funding, designing, building and maintaining roadways. Politicians, engineers, planners, financial managers … all of us have had this focus. We have experienced demand growth since the first
    Read More

Highlighted Content