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Connections that count
U-Blox annual report 2015
Connected Values
Connections that count
U-Blox annual report 2015
Revenue
in m CHF
338.3
Revenue 2014: 270.0 – Growth rate: + 25.3%
Operating profit
in m CHF
51.3
Operating profit 2014: 39.1 – Growth rate: 31.3%
Operating cashflow
in m CHF
74.7
Operating cashflow 2014: 53.7 – Growth rate: 39.1%
Net profit
in m CHF
37.1
Net profit 2014: 34.4 – Growth rate: 7.9%
Equity ratio
in %
64.2
Equity ratio 2014: 70.5
Gross profit
in %
45.8
Gross profit in % 2014: 45.4
Financial highlights

u-blox achieved a solid performance in 2015. We strengthened our positions in our strategic markets, posted significant increases in revenue, EBIT, customers and overall market share

Letter to the shareholders
Board of directors
Letter to the shareholders

For u-blox, 2015 was another year in which all performance indicators progressed encouragingly. We further strengthened our positions in our strategic markets, posted significant increases in revenue, EBIT, customers and overall market share. We completed an important strategic acquisition at the beginning of the year. A 53% increase in our share value, bringing it to CHF 214.50 at year-end, was a positive indication of market sentiment.

Fritz Fahrni
Fritz Fahrni
Chairman of the
Board of Directors
Thomas Seiler
Thomas Seiler
CEO
Roland Jud
Roland Jud
CFO
Connections that count
Connections that count

Our world is becoming increasingly interconnected. Machines, medical apparatuses, vehicles and the devices we wear and carry around with us rely more and more on chips and modules that connect them with and establish their position relative to everything else. In the Internet of Things, everything from washing machines and light switches to pacemakers and running shoes is smart and connected.

u-blox plays a central role in making it happen. To help us consolidate our position and cement our success, we have a team of dedicated and talented specialists who are personally involved in developing the solutions that count and getting them to our customers.

Let’s meet some of them.

Connected cities
Connected cities
Connected vehicles
Automotive Market
Connected consumers
Connected consumers
Financial summary

In 2015 based on billing location, Asia-Pacific generated 48.3%, Americas 28.8% and EMEA 22.9% of total revenue. u-blox was able to grow revenues in all areas. Revenue for Asia Pacific grew by 26.3% to CHF 163.5 million, EMEA grew by 15.3% to CHF 77.4 million and America increased its revenue by 32.6% to CHF 97.4 million. In 2015, the company made about 80% of its total revenue from 65 customers. u-blox’s largest customer accounted for less than 7% of revenue. u-blox served over 5’200 customers and achieved global expansion into new regions and markets.

Revenue
in m CHF
338.3
Revenue 2014: 270.0 – Growth rate: + 25.3%
Operating profit
in m CHF
51.3
Operating profit 2014: 39.1 – Growth rate: 31.3%
Operating cashflow
in m CHF
74.7
Operating cashflow 2014: 53.7 – Growth rate: 39.1%
Focused on the internet of Things that really Matter
iot
Focused on the internet of Things that really Matter

u-blox’s overarching strategy has proved its worth in the past and remained central in 2015. We aim to supply everything that automotive, industrial and consumer companies need to locate and communicate with their products. This we call the WHAT, WHERE and WHEN of the Internet of Things that Really Matter.

Products

In 2015 u-blox launched nine stand-out products: four cellular, four short range and one positioning. We also ramped up production of u-blox M8, a new GPS/GLONASS receiver platform for low-power devices.

TOBY-L280

TOBY-L280 is the fastest 4G module in an ultra-small package and works in specific regions because it supports frequency band 28. Band 28 is used commercially in Taiwan, Australia and New Zealand, and u-blox has further rollouts planned throughout Asia Pacific, Brazil and Argentina.

TOBY-L280
ODIN-W262

The versatile, stand-alone ODIN-W262 module features an integrated antenna and is designed specifically for IoT applications that need advanced multi-radio capabilities. It interlinks with all Wi-Fi and Bluetooth standards. The acquisition of Berlin-based Lesswire’s operations at the beginning of the year also extended u-blox’s product range to include multi-mode automotive modules.

ODIN-W262
Customers
map
Customers

In 2015, u-blox reported growth in all markets and now has an expanding customer base in more than 66 countries worldwide. Our diversity is reflected in the fact 65 customers in 24 countries accounted for 80% of total revenues, with no single customer responsible for more than 7% of total sales.