EQS Group-News: u-blox AG
/ Key word(s): Financing
Press Release: ad hoc announcement pursuant to article 53 LR u-blox Updates and Increases Guidance for FY 2021 Thalwil, Switzerland - 1 June 2021 - u-blox (SIX:UBXN,OTC:UBLXF), a global leader in wireless and positioning technologies, today announced that it has updated its financial guidance for the full year 2021, as follows:
1 Exchange rate assumptions for 2021: Average rates of 2020 (USD: 0.939, EUR: 1.075, GBP: 1.204) The company reports that the pace of order intake has continued to accelerate since the previous guidance presented in the company's press release dated 12 March 2021. As a result, current orderbook levels are higher than previously anticipated. "Demand continues to expand throughout our business, highlighting the importance and value-add of our products and solutions to customers," said Thomas Seiler, CEO of u-blox. "We are experiencing this dynamic across the entire business in terms of end markets and geographies. While we are encouraged with these demand trends and the current strength of our orderbook, we are still managing tight component availability, an issue that is impacting the entire industry, and are successful in steadily increasing output capacity. We look forward to providing additional updates in August when we report our first half 2021 financial results." About u-blox Find us on www.u-blox.com, Facebook, LinkedIn, Twitter @ublox and YouTube
u-blox investor releations contacts: Switzerland and Europe: Doris Rudischhauser, c/o Dynamics Group AG US: Jeehae Linford, c/o The Equity Group Inc. u-blox AG Disclaimer End of Media Release |
Language: | English |
Company: | u-blox AG |
Zürcherstrasse 68 | |
8800 Thalwil | |
Switzerland | |
Phone: | +41 44 722 74 44 |
Fax: | +41 44 722 74 47 |
E-mail: | info@u-blox.com |
Internet: | www.u-blox.com |
ISIN: | CH0033361673 |
Listed: | SIX Swiss Exchange |
EQS News ID: | 1203292 |
End of News | EQS Group News Service |
1203292 01.06.2021