u-blox reports its first quarter 2024 trading update - Seite 2

u-blox remains positive on its long-term development prospects. Demand and requirements for semiconductor solutions for automated and autonomous driving, asset tracking, healthcare offerings, and industrial automation will grow significantly. As confirmed by our design wins, u-blox is well on track to profitably grow with its positioning and wireless connectivity semiconductor solutions and services business.
 

Guidance for Q2 2024
u-blox expects revenue of CHF 55-65 million and EBIT margin (adjusted) of -35% to -25% in
Q2 2024.
 

Conference call
u-blox will hold a brief Q&A session to discuss its first quarter 2024 trading update today, April 24, 2024, at 14:00 CET. For registering to the conference call, please click here.

 

For further information, please contact:

 

Investor Relations	Media	Sustainability
Rafael Duarte	Natacha Seitz	Gitte Jensen
Phone: [phone]	Phone: [phone]	Phone: [phone]
[e-mail]	[e-mail]	[e-mail]

u-blox (SIX:UBXN) provides semiconductor chips, modules, and IoT services that reliably locate and connect every thing. Our cutting-edge solutions drive innovation for the car of the future and the Internet of Things. Headquartered in Thalwil (Zurich), Switzerland, we have a global presence of 1,400 experts who enable our customers to build solutions for a precise, smart, and sustainable future.