Brief: U-Blox Says Co To Increase Focus On Locate Business And Phase Out Cellular As Well As An Impairment

U Blox Holding AG

14/01/2025 05:59

Jan 14 (Reuters) - U Blox Holding AG  UBXN.S :
    * U-BLOX ANNOUNCES STRATEGIC DECISION TO INCREASE FOCUS ON
LOCATE
BUSINESS AND PHASE OUT CELLULAR AS WELL AS AN IMPAIRMENT
    * U BLOX HOLDING AG - EXPECTED ELIMINATION OF CHF 30 MILLION
EBIT
ANNUAL LOSSES
    * U BLOX HOLDING AG - ONE-TIME NEGATIVE EBIT IMPACT OF CHF
65
MILLION IN Q1 2025
    * U BLOX HOLDING AG - DECIDED TO CONTINUE TO IMPROVE
PERFORMANCE
OF ITS SHORT-RANGE BUSINESS, WHICH COMPRISES WI-FI AND BLUETOOTH
MODULES.
    * U BLOX HOLDING AG - U-BLOX CONFIRMS ITS PREVIOUSLY
COMMUNICATED
GUIDANCE FOR Q4 2024
    * U BLOX HOLDING AG - ONE-TIME NON-CASH NEGATIVE EBIT IMPACT
OF
CHF 31 MILLION IN Q4 2024 FROM INTANGIBLE ASSETS IMPAIRMENT

Source text:  ID:nEQ759BJga 
Further company coverage:  UBXN.S 

 ((Reuters.Briefs@thomsonreuters.com;))