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

  • Global V2V penetration in new cars to reach 69 per cent by 2027
    November 21, 2013
    The latest analysis by ABI research expects global V2V penetration in new cars to increase from 10.9 per cent in 2018 to 69 per cent in 2027. ABI Research vice-president and practice director Dominique Bonte comments: “Huge interest in autonomous driving across the automotive ecosystem firmly positions V2X technology and applications as a key component of driverless car systems. However, some OEMs are claiming some forms of (semi)-autonomous driving can be achieved by just using in-vehicle ADAS-sensors.
    Read More
  • Free online tool calculates benefits of navigation systems
    May 16, 2012
    Navteq has launched a free online tool which calculates the potential savings delivered by using navigation systems. The service has been designed to cover both private and professional drivers and can be used, for example, by fleet managers to estimate the impact in relation to a group of vehicles or by car dealerships and PND manufacturers to demonstrate the savings to consumers at the point of sale.
    Read More
  • EBRD invests in Turkey’s first trans-shipment hub
    December 18, 2013
    The European Bank for Reconstruction and Development (EBRD) is providing a US$92 million loan for Turkey’s first trans-shipment container terminal AsyaPort, as the country continues to improve its infrastructure to create the conditions for sustaining its strong economic growth. The Bank’s financing will be used to design, build, operate and maintain a new container terminal in the town of Barbaros, Tekirdag province, some 130 kilometres west of Istanbul. The International Finance Corporation (IFC) and T
    Read More
  • Plug-in EV sales in North America ‘expected to exceed 1.1 million by 2024’
    May 29, 2015
    According to a new report from Navigant Research, North American plug-in electric vehicle (PEV) sales are expected to exceed 1.1 million annually by 2024. The report, Electric Vehicle Geographic Forecasts, analyses the North American market for light duty plug-in electric vehicles (PEVs), including detailed geographic forecasts of PEV sales by US state, metropolitan statistical area (MSA), Canadian province, Canadian city, and selected utility service area.
    Read More

Highlighted Content