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

  • Smart transportation market expected to reach US$176.49 billion in 2021
    July 3, 2015
    According to a new market report published by Transparency Market Research, Smart Transportation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021, the global smart transportation market was valued at US$45.10 billion in 2014, growing at a CAGR of 18.5 per cent from 2015 to 2021 to account for US$176.49 billion in 2021. The smart transportation market is primarily driven due to the emerging need for smart services across the globe. Moreover, the global increase in sa
    Read More
  • Underinvestment in infrastructure threatens economic growth
    January 24, 2012
    The 2011 Urban Mobility Report from the Texas Transportation Institute highlights the dangers of continued underinvestment in transportation infrastructure but also offers some hope in terms of possible solutions
    Read More
  • Car OEMs target 2021 for rollout of SAE Levels 4 and 5 of autonomous driving
    November 23, 2016
    New OEM smart mobility divisions, growing safety concerns relating to semi-autonomous driving, and recognition by national governments of the environmental and societal advantages of driverless vehicles will accelerate the deployment of more autonomous forms of driving, according to ABI Research. Its report, The Market Potential for Semi-Autonomous Driving, expects that semi-autonomous systems will continue to dominate the market over the next decade, with SAE level 2 and 3 systems accounting for 86 per
    Read More
  • Vision 2016 highlights the latest trends and technology in machine vision
    October 28, 2016
    The Vision Show is the perfect venue to catch up with the latest moves, trends and launches in the traffic vision sector, and ITS International editor Colin Sowman highlights a few to start with…
    Read More

Highlighted Content