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EQS-News: u-blox AG: u-blox (SIX:UBXN), a global leader in wireless and positioning technologies, today announced its financial results for 2018

EQS Group-News: u-blox AG / Key word(s): Financing


u-blox AG: u-blox (SIX:UBXN), a global leader in wireless and positioning technologies, today announced its financial results for 2018


15.03.2019 / 07:00


Press Release

Thalwil, Switzerland - March 15, 2019 - u-blox (SIX:UBXN), a global leader in wireless and positioning technologies, today announced its financial results for 2018.

Financial highlights

The fiscal year 2018 demonstrated the resilience of our business model:

- Financial performance reflects a difficult environment in 2018

- Market outlook remains favorable

o EMEA on continued expansion with 21% growth in 2018

o Americas declined slightly by 6% as some customers were delaying the migration to LTE based connectivity

o APAC grew except in China: Temporary decline of 13%

- Important product launched in 2018
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