u-blox Holding AG (UBLXF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the uBlocks Q1 2025 Trading Update conference call and live webcast. My name is Sandra, the course call operator. I would like to remind you that all participants have been listened on the mode and the conference has been recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and one on your telephone. For operator assistance, please press star and zero. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Rafael Duarte, Head of Investor Relations at Ublox. Please go ahead, sir. Thank you, Sandra, and welcome everyone joining us today. As usual, I'm here with our CEO, Stefan Tetzala, and CFO, Camila Jaipur, from our offices in Tel Aviv. We prepared a few slides on our Q1 trading update, which we will go through and then open for questions you may have. And you're over now to Stefan for the slides. Thank you, Raphael. Welcome everybody. Well, nowadays there's little good news and therefore I'm even more happy to share good news from you blogs today. Let's go on page number two. We anticipated that in 2025, we would get out of the severe overstocking situation we experienced in 2024. Indeed, revenue in the first quarter 2025 confirms this assumption. We saw a revenue increase of 26% year over year on a group level. In Locate, we even achieved a 43% year over year revenue increase. Despite the low base in quarter one, 2024, our strong position in structurally growing applications like automated driving is the main reason for this. On this chart, you see that also our short range revenue is on a strong recovery path. while our cellular revenue development remains as weak as we expected. Let's go to the next page, ...