Brief: U-Blox To Divest Cellular Business To Trasna For An Undisclosed Amount

U Blox Holding AG

17/03/2025 05:59

March 17 (Reuters) - U Blox Holding AG UBXN.S:

U-BLOX TO DIVEST CELLULAR BUSINESS TO TRASNA

U BLOX HOLDING AG - SIGNED AN AGREEMENT TO DIVEST ITS CELLULAR BUSINESS TO TRASNA, FOR AN UNDISCLOSED AMOUNT

U BLOX HOLDING AG: ALSO CONFIRMS ITS GUIDANCE FOR Q1 2025 OF REVENUE OF CHF 65 - 75 MILLION, AND CASH EBIT MARGIN (ADJUSTED) OF -12% TO -2%

U BLOX HOLDING AG- AS A RESULT OF TRANSACTION, RESTRUCTURING AND TRANSACTION COSTS WILL BE REDUCED TO AROUND CHF 4 MILLION, FROM CHF 26 MILLION

Source text: ID:nEQ8gRQc6a

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