u-blox Holding Reveals 'Focus-Innovate-Execute' Strategy at 2023 Capital Markets Day

• u-blox AG has unveiled its new strategy "Focus – Innovate – Execute" at its 2023 Capital Markets Day, aiming to drive long-term profitable growth and sustainable value creation.
• The company plans to increase focus on its differentiated Positioning business by shifting R&D teams to Positioning innovations.
• u-blox will stop future cellular chipset development, leading to a non-cash impairment of CHF 65 to 70 million.
• The company aims to turn around the Connectivity business by gaining scale and leveraging its trustworthiness as a Swiss supplier.
• u-blox plans to improve execution performance through agile development and increased bottom-line focus.
• The new financial model includes a revenue CAGR of >10%, adjusted EBIT margin of ~14%, and Free Cash Flow margin of ~8%.

The price of u-blox Holding at the time of the news was 102,50EUR and did not change compared to the previous day.
15 minutes after the article was published, the price was 102,40EUR this corresponds to a minus of -0,10 % since publication.

u-blox Holding

-2,91 %

+6,18 %

-2,47 %

-7,81 %

-20,41 %

+50,35 %

+14,70 %

+142,12 %

ISIN:CH0033361673WKN:A0M2K9

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