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

  • Autovision Wireless acquires SFT Telematics
    March 22, 2012
    Autovision Wireless, a fleet management company specialising in GPS tracking, anti-idling and fleet management software, has announced the acquisition of the assets of SFT Telematics of Edmonton, Alberta, Canada. SFT offers specialised GPS tracking and fleet management solutions to the oil & gas, transportation, and construction industries among others. The company has been in business since 1998 and provides M2M services to several thousand subscribers in Canada and the USA. The terminals operate over cell
    Read More
  • ‘Explosion of interest in smart cities’ says report
    March 5, 2013
    According to a new tracker report from Pike Research, a part of Navigant’s Energy Practice, the past twelve months have seen an explosion of interest in the smart city concept. Cities around the world have announced new smart city strategies and innovative projects, and many existing programs have been rebranded as smart city initiatives. More than fifty per cent of smart city projects are focused on innovations in transportation and urban mobility. The tracker identifies and details 130 smart city proje
    Read More
  • Detection analysis technology successfully predicts traffic flows
    February 3, 2012
    David Crawford investigates new detection analysis technology from IBM. Locations on both the East and West Coasts of the US are scheduled for early deployments of IBM's new Traffic Prediction Tool (TPT) statistical analysis model for the fine-time resolution and near-term prediction of road flow conditions. Developed by IBM's Watson Research Laboratories, TPT is designed to analyse data from the the key detection indicators - average vehicle volumes and speeds passing a location in a given time interval -
    Read More
  • Tolling expected to be fastest growing application of ALPR, says report
    February 12, 2014
    According to global information company, the growing adoption of automatic license plate recognition (ALPR) technology is having an adverse impact on the vehicle entrance control industry, specifically the vehicle barrier and off-street parking systems markets, according to IHS. The presence of ALPR technology is increasing the most for toll ways and off-street parking garages, which is negatively impacting the growth of vehicle barriers, the research firm reports. In ALPR mature markets such as the Amer
    Read More

Highlighted Content