Brief: Nordic Semiconductor To Hold CMD, Updates On Ambitions
26/09/2024 07:19
Sept 26 (Reuters) - Nordic Semiconductor ASA NOD.OL :
* SAID ON THURSDAY CO'S AMBITION FOR SHORT-RANGE BUSINESS
IS TO
GROW FASTER THAN ITS SERVICEABLE MARKET OVER TIME, DRIVEN BY
PRODUCT LAUNCHES
* SEES MODEST GROWTH WITH ONLY LIMITED EFFECT OF NEW NRF54
SERIES
IN 2025, EXPECTS ACCELERATING GROWTH FROM 2026 ONWARDS
* EXPECTS THIS TO ENABLE AN EBITDA OF 25% FOR ESTABLISHED
BUSINESS
IN SHORT-RANGE IN 2027, INCLUDING GROUP'S SG&A COSTS
* PLANS FOR SCALING OF ITS LONG-RANGE BUSINESS TOWARDS
PROFITABILITY IN 2028
* THIS WILL REQUIRE ESTABLISHING A REVENUE BASE OF MORE THAN
USD
100 MILLION THROUGH PENETRATION OF SELECTED TARGET MARKETS
WITHIN ASSET TRACKING, METERING, AND INDUSTRIAL IOT WITH NEW
PRODUCTS
* ALSO PLANS TO MOVE ITS EARLY-STAGE BUSINESSES IN WI-FI AND
PMIC
TOWARDS PROFITABILITY IN 2028, WHICH WILL REQUIRE ESTABLISHING
REVENUE BASES OF MORE THAN USD 50 MILLION IN EACH OF THE
BUSINESS AREAS
* WE ARE LOOKING TO GROW OUR REVENUE IN 2025 WITH A FLAT
COST BASE
COMPARED TO 2024 - CEO
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Further company coverage: NOD.OL
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