| u-blox provides optimistic outlook for 2012 - Board of directors to propose dividend |
| 15.12.11 07:13 | |
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Thalwil, Switzerland, December 15, 2011 – u-blox, a leading fabless semiconductor provider of embedded positioning and wireless communication solutions for the consumer, industrial and automotive markets, announces a positive business outlook for 2012. For the full year 2012, u-blox management believes that revenues of up to CHF 155 million and an EBIT of approximately CHF 20 million can be achieved. The indications are based on exchange rates of 1.22 for EUR/CHF and 0.90 for USD/CHF. u-blox' natural hedge against foreign exchange variations at the level of material costs helps to keep foreign currency impacts on gross profit limited. Revenue and EBIT, however, remain sensitive to the further variation of currency valuations against the Swiss Franc. In light of the positive future outlook for our business and the good cash situation of the company, u-blox' Board of Directors has decided to make a proposal at the annual General Assembly in 2012 to pay out a dividend for 2011 in an expected range of CHF 0.70 to CHF 0.90 per share. About u-blox u-blox is a leading fabless semiconductor provider of embedded positioning and wireless communication solutions for the consumer, industrial and automotive markets. Our solutions enable people, devices, vehicles and machines to locate their exact position and wirelessly communicate via voice, text or video. With a broad portfolio of GPS modules, chips, and software solutions together with wireless modules and solutions, u-blox is uniquely positioned to enable OEMs to develop innovative solutions quickly and cost-effectively. Headquartered in Switzerland and with global presence in Europe, Asia and the Americas, u-blox employs approximately 210 people. Founded in 1997, u-blox is listed on the SIX Swiss Exchange. (www.u-blox.com) |
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