Brief: U-Blox Says Expanding Cost Optimization Program Launched In 2023

U Blox Holding AG

07/08/2024 06:04

Aug 7 (Reuters) - U Blox Holding AG  UBXN.S :
    * U-BLOX REPORTS RESILIENT HALF-YEAR 2024 RESULTS
    * U-BLOX EXPECTS FULL EFFECT OF SAVINGS TO BE REALIZED ON AN
EBIT
LEVEL FROM H2'24
    * ONE-OFF COSTS BELOW CHF 20 MILLION ARE EXPECTED IN H2'24.
    * EXPANDING COST OPTIMIZATION PROGRAM LAUNCHED IN 2023
    * PLAN NOW TARGETS ANNUAL SAVINGS OF OVER CHF 20 MILLION
    * -BLOX EXPECTS REVENUE OF CHF 75 - 85 MILLION IN Q3 OF
2024, AND
EBIT MARGIN OF -10% TO -5%
    * ONE-OFF COSTS BELOW CHF 20 MILLION ARE EXPECTED IN H2'24

Source text for Eikon:  ID:nEQ9dBcRYa 
Further company coverage:  UBXN.S 

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