Brief: U-Blox FY Adj. EBITDA Down At CHF 42.2 Mln

U Blox Holding AG

12/03/2021 06:05

March 12 (Reuters) - U BLOX HOLDING AG  UBXN.S :
    * U-BLOX REPORTS FULL YEAR 2020 FINANCIAL RESULTS
    * FY ADJUSTED EBIT 18 MILLION CHF VERSUS 43.1 MILLION CHF
YEAR AGO
    * FY ADJUSTED EBITDA 42.2 MILLION CHF VERSUS 71.7 MILLION
CHF YEAR
AGO
    * FY REVENUE 333.5 MILLION CHF VERSUS 385.1 MILLION CHF YEAR
AGO
    * FY ADJUSTED NET PROFIT 2.9 MILLION CHF VERSUS 32 MILLION
CHF
YEAR AGO
    * FY REVENUE OF CHF 333.5 MILLION COMPARED TO REVENUES OF
CHF
385.1 MILLION, A DECLINE OF -13.4% (-9.3% AT CONSTANT EXCHANGE
RATES)
    * FY EBITDA (ADJUSTED) OF CHF 42.2 MILLION, COMPARED TO CHF
71.7
MILLION
    * FY EBIT (ADJUSTED) OF CHF 18.0 MILLION, COMPARED TO CHF
43.1
MILLION
    * FY NET PROFIT (ADJUSTED) BEFORE MINORITY INTERESTS OF CHF
2.9
MILLION, COMPARED TO CHF 32.0 MILLION - CASH FLOW FROM OPERATING
ACTIVITIES OF
    * WILL NOT PROPOSE ANY FORM OF DIVIDEND PAYMENT AT ANNUAL
GENERAL
MEETING THIS YEAR.
    * SEES 2021 REVENUE GROWTH IN RANGE 5% TO15% - EBITDA MARGIN
(ADJUSTED) IN RANGE OF 16% TO 22% - EBIT MARGIN (ADJUSTED) IN
RANGE OF 9% TO 15%

Source text for Eikon:  ID:nEQ2L1YJFa 
Further company coverage:  UBXN.S 

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