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U-blox sees revenues hit by pandemic, withdraws outlook for 2020

Friday 21 August 2020 | 10:25 CET | News
Swiss company U‑blox said its revenues decreased to CHF 174 million in H1 2020 from CHF 190.5 million in the same period of the prior year due to the impact of the Covid-19 pandemic, in particular on the demand in the automotive end-market and certain industrial sectors. The weakened USD/CHF exchange rate had a negative impact of 3.1 percent. 

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Categories: Mobile & Wireless
Companies: U-blox
Countries: World
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