U-BLOX HLDG AG NAMEN AKT - UBLXF STOCK NEWS

u-blox Holding AG announced that during its Annual General Meeting (AGM) on April 19, 2023, shareholders overwhelmingly approved all proposals by the Board of Directors. Chairman André Muller expressed gratitude for shareholder support and emphasized the company’s commitment to innovation and growth, particularly in automotive and industrial IoT applications.

The AGM minutes and related materials will be available on the u-blox website. Upcoming financial milestones include the release of half-year revenues on July 12, 2023, half-year results on August 18, 2023, and nine-month revenue on October 11, 2023.

u-blox and GMV announced a partnership on March 16, 2023, aimed at enhancing automotive positioning technology. This collaboration integrates u-blox's GNSS receiver hardware with GMV's correction service and positioning engine, targeting advanced automotive applications like ADAS Level 2+. Starting Q2 2023, u-blox will commercialize this solution, providing integration and certification support alongside GMV. The partnership, formed at Mobile World Congress 2023, underscores both companies' commitment to delivering high-performance, safe positioning solutions for the automotive industry.

u-blox has introduced the u-blox IRIS-W1, the first compact stand-alone Wi-Fi module featuring dual-band Wi-Fi 6, Bluetooth LE 5.3, and Thread with Matter support. Built on the NXP RW612 chipset, this module enhances efficiency and reduces power consumption, making it ideal for IoT devices. It supports both 2.4 and 5 GHz Wi-Fi channels, improving network availability and reducing deployment costs. The module integrates a powerful Arm Cortex-M33 MCU, eliminating the need for external processors. With advanced security features and low radio interference, IRIS-W1 is poised for various high-security applications.

u-blox reported its full-year 2022 financial results, achieving a record revenue of CHF 624 million, a 51% increase from 2021. The adjusted EBITDA margin reached 27.2% with an EPS of CHF 15.65, reflecting a robust growth trajectory. For 2023, u-blox forecasts revenue growth between 6% and 16% and an adjusted EBITDA margin of 21% to 24%. A proposed dividend of CHF 2.00 per share, up 54% from 2021, underscores strong financial health. The company highlighted successful product launches and partnerships as key growth drivers, especially within the automotive sector.

u-blox has launched the JODY-W4, an automotive-grade module that integrates Wi-Fi 6E and Bluetooth LE Audio. This innovative module addresses Wi-Fi congestion, supports high-temperature operations up to 105°C, and facilitates advanced infotainment and telematics applications. Sized at 13.8 x 19.8 x 2.5 mm, it offers three antenna ports and is compatible with existing JODY designs. The JODY-W4 enables high-bandwidth connectivity through additional 6 GHz channels and features Bluetooth 5.3 for enhanced audio experiences and long-range support. It is an essential solution for modern automotive connectivity needs.

u-blox, based in Thalwil, Switzerland, reported record revenues of approximately CHF 624 million for FY 2022, marking a 51% growth compared to FY 2021. In 4Q 2022, revenues reached around CHF 149 million, a 24% increase year-over-year. The growth was widespread, particularly strong in the APAC region, driven by effective supply chain management and increased customer order fulfillment. CEO Stephan Zizala expressed optimism about sustained growth in 2023, although he anticipates a normalization of growth rates towards historical averages. Detailed FY 2022 results are set to be announced on 10 March 2023.