Edition:
United Kingdom

U-Blox H1 Adjusted Net Profits Down At 13.6 Million Euros


Friday, 23 Aug 2019 

Aug 23 (Reuters) - U BLOX HOLDING AG ::REPORTS FIRST HALF 2019 FINANCIAL RESULTS.H1 REVENUES OF CHF 190.6 MILLION COMPARED TO H1.2018 REVENUES OF CHF 199.0 MILLION, A DECLINE OF 4.2%.H1 GROSS PROFIT (ADJUSTED) WAS CHF 86.1 MILLION COMPARED TO CHF 94.0 MILLION IN H1.2018, A DECLINE OF 8.4%.H1 EBIT (ADJUSTED) FELL TO CHF 19.7 MILLION COMPARED TO CHF 34.9 MILLION IN H1.2018.H1 NET PROFITS (ADJUSTED) WERE CHF 13.6 MILLION COMPARED TO CHF 30.2 MILLION IN H1.2018.SECOND HALF OF 2019 WILL CONTINUE TO REMAIN IMPACTED BY MACRO‑ECONOMIC UNCERTAINTIES.NEW 2019 GUIDANCE: REVENUES OF CHF 380 MILLION TO 400 MILLION, A GROWTH OF 0% TO 5% OVER 2018.SEES 2019 EBITDA OF BETWEEN CHF 50 MILLION TO 60 MILLION.SEES 2019 EBIT OF BETWEEN CHF 15 MILLION TO 27 MILLION.