Annual Report 2020
With restless innovation
If anything, the pandemic has bolstered the case for connected technology, driving up adoption rates the world over, as people have sought out contactless experiences that do not leave them isolated: remote work, online medical consultations, virtual events, online shopping, micromobility, and the list goes on.
Financial highlights
Revenue in m CHF
EBITDA (adjusted) in m CHF
Operating profit (EBIT) (adjusted) in m CHF
Net profit before minorities in m CHF
Net profit before minorities (adjusted) in m CHF
Gross profit margin (adjusted) in %
Operating cash flow in m CHF
Free cash flow in m CHF (before aquisitions)
Equity ratio in %
Annual results 2020
Despite the vast and varied challenges that the global COVID-19 pandemic brought upon our business in 2020, we see ample ground for optimism going forward.
Comments on theAnnual Results
Letter toOur Shareholders
2020 at a glance
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We acquired Thingstream
We expanded our service offering in 2020 by acquiring Thingstream, thus fast-tracking our ability to provide our customers with a reliable, smart, and secure solution to connect sensor data to their cloud enterprise and transfer data across 600+ telecom carriers and 190 countries. The acquisition was a major stepping-stone towards our ‘Silicon-to-Cloud’ approach to combining our hardware with tailored connectivity and security solutions.
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We launched our 10th generation of GNSS receivers
The brand-new u-blox M10 receiver platform can track four GNSS constellations at once, even in challenging environments. The platform also addresses specific applications inside the consumer wearables market where energy and footprint are paramount.
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Our R5 chips and modules have been certified
We are now rolling out our R5 product lines across global markets after our R5 proprietary multi-band LTE-M/NB-IoT chipset became the first to be certified by the Global Certification Forum (GCF) in January 2020. It has also achieved MNO certifications and certifications by several North American Tier 1 operators.
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Product success with 2019 Rigado acquisition
Acquired in 2019, Rigado’s Bluetooth modules business complemented our already extensive Short Range product portfolio, and the successful integration has resulted in more and more customers opting for a combination of technologies while opening up the consumer application, medical device and exercise equipment markets.
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u-blox Sustainability Report
In 2020, we renewed the materiality analysis, which forms the basis of our Sustainability Strategy, established goals, and published our first Sustainability Report. As part of our continual improvement, we will be producing this each year to increase transparency, report on advancements and address areas for improvement relevant to our shareholders, customers, suppliers and the communities in which we operate.
Customer Relationships
ORBCOMM’s advanced IoT solutions are powering the new stay-at-home economy and poised to support Covid-19 vaccination logistics
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Swoop Aero’s aeromedical logistics is transforming access to healthcare and delivering life-saving vaccines
Modmo – the e-bike that is ready to replace your car
