Financial Report

u‑blox achieved solid top‑line and bottom‑line growth:

Consolidated revenue of u blox was CHF 403.7 million in 2017, a growth of 12.1% as compared to 2016.
Gross profit improved from CHF 167.1 million to CHF 184.0 million, with a continued strong gross profit margin of 45.6% in 2017.
Operating profit (EBIT) adjusted increased from CHF 69.8 million to CHF 78.0 million, a growth of 11.8% as compared to 2016.
EBITDA adjusted margin of 24.2%, EBIT margin adjusted of 19.3%.
Operating profit (EBIT) increased from CHF 59.0 million to CHF 65.1 million, a growth of 10.3% as compared to 2016.
EBITDA margin of 21.6%, EBIT margin of 16.1%.
Net profit adjusted increased by 5.1% from CHF 54.8 million to CHF 57.6 million, representing a 14.3% net profit margin for 2017.
Net profit increased by 11.0% from CHF 46.2 million to CHF 51.3 million, representing a 12.7% net profit margin for 2017.
Net cash generated from operating activities was CHF 60.5 million, representing 15.0% of revenue.
Healthy balance sheet with a high equity ratio of 60.7%.