u-blox Holding AG (UBLXF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the uBlock's half-year 2025 results conference call and live webcast. I am Sandra, the course call operator. I would like to remind you that all participants have been listened only 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 1 on your telephone. For operator assistance, please press star and 0. 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. Please go ahead, sir. Hi, everyone. Thank you for joining our call today. Here with me are our CEO, Stefan Sala, and our CFO, Kamila Jaipur. Our agenda for today, we start with a brief recap of our strategy, including our transformation. Then we dive into our half-year results, outlook, and finally, Q&A. As always, in order to make a question, please follow the instructions in the website platform. And with that, I hand over to you, Stefan. Go ahead. Thank you, Raphael, and welcome, everybody. We are reshaping uBlocks for the future. I'm very pleased to walk you through our progress and the performance over the past six months. Let's begin with the key highlights. In H1, we delivered strong revenue growth of 32% year over year, driven by a solid recovery in our automotive and industrial businesses. The momentum in our locate and short-range business is very good. we saw strong demand for our products as excess inventory at customers continued to decrease. Importantly, our efforts to reduce costs are clearly paying off. Our cash EBIT margin turned positive at 2.4%, 30 percentage point higher than one year ago. We also generated 5.4 million in free cash flow, thanks to continued ...