u-Blox Holding AG (XSWX:UBXN)

Full Year 2024 U Blox Holding AG Earnings Call Transcript

Feb 26, 2025 / 01:00 PM GMT

Release Date Price: CHF79 (+13.67%)

Transcript

Key Points

Positve

u-Blox Holding AG (UBLXF) achieved a solid free cash flow of 10 million in a challenging 2024.
The company exceeded its cost optimization program target, achieving total savings of 25 million instead of the anticipated 20 million.
Gross margin improved significantly by almost 200 basis points in 2024, reflecting a strong focus on the locate business.
u-Blox Holding AG (UBLXF) has a strong net cash position of 91 million, with no financial debt.
The company is focusing on high-growth markets such as automated driving and mobile robotics, which are expected to drive future growth.

Negative

Revenue halved in 2024 due to overstocking by customers and continued softness in the end market.
The company had to make difficult decisions, including a 20% workforce reduction and phasing out the cellular business, which once contributed a third of its revenue.
The automotive market outside of China showed weak performance, interrupting revenue improvement trends in Q4 2024.
u-Blox Holding AG (UBLXF) reported a significant reduction in R&D capitalization, impacting reported R&D and EBIT.
The company faced a challenging transition year in 2024, with losses and a lower operating leverage impacting financial performance.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

UBXN.S - U Blox Holding AG
Full Year 2024 U Blox Holding AG Earnings Call
Feb 26, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hi, everyone. A warm welcome from my side to the ones joining here, in Zurich as well to the ones participating via webcast.

Presenting today is our Chairman Andre Mueller, CEO Stefan Tittala, and CFO Camila Jayur.

Let's go through the agenda quickly.

We start with a full word from our Chairman on strategy, then we move to the full year results. And after we address some of the key topics that you have been asking for more clarity for a while.

First, Camilla will walk us through several topics such as our cost optimization program, R&D capitalization, and cellular phase out. Then Stefan will give us a strate a strategy update focused on our locate business, including the new target financial

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