Nordic Semiconductor ASA, a global provider of low power wireless connectivity,
today reported revenues for the second quarter 2019 of MUSD 70.5, compared to
MUSD 71.2 for the second quarter 2018. EBIT was MUSD 4.3, compared to MUSD 5.7
in the second quarter 2018.
Bluetooth revenues for the second quarter 2019 amounted to MUSD 56.0, up from
MUSD 52.3 from the second quarter 2018. The increase is mainly due to new
designs going into production. Net profit after tax was MUSD 3.8, compared to
MUSD 4.3 in the second quarter 2018.
“Revenue is unchanged from last year, however we exit the second quarter with a
record high three digit backlog and several global Tier 1 customer designs. We
have passed certification milestones on our nRF91 product and ended the quarter
with a rock solid 43% market share in Bluetooth design certifications” says
Svenn-Tore Larsen, CEO of Nordic Semiconductor ASA.
Based on the current backlog, guidance for Q3 2019 revenue is MUSD 78-83. Nordic
maintains its gross margin of around 50% for Q3 2019. Due to deferral of some
investments, Capex in Q3 2019 of MUSD 4-5.
Nordic expects medium-term normalized annual growth rates of 20-30% for our
Bluetooth business. For proprietary we expect another quarter of more than
single digit percentage decline due to a tough comparable in Q3 2018. For
cellular IoT, we expect revenue to pick up during the second half given the
positive events related to the product during Q2 2019.
For more information, please see the attached Second Quarter 2019 report.
The management team, represented by CEO Svenn-Tore Larsen and CFO Pål Elstad
will present the company’s results today at 08:00 a.m. CET at Thon Hotel Vika
Atrium in Munkedamsveien 45, Oslo, Norway.
There will be a live webcast from the presentation which can be accessed from:
www.nordicsemi.com The presentation will be held in English. A recorded version
of the presentation will also be available after the broadcast has concluded.
For further information, please contact:
Pål Elstad, CFO
Nordic Semiconductor ASA
Phone: +47 991 66 293
Ståle Ytterdal, IR
Nordic Semiconductor ASA
Phone: +47 930 37 430
About Nordic Semiconductor
Nordic Semiconductor has been a pioneer in the field of ultra-low power wireless
solutions since 2002 and was one of the founding members of the Nokia initiative
which created the Bluetooth Low Energy standard. Today, Nordic Semiconductor is
by far the market leader within the ultra-low power wireless segment. Nordic
Semiconductor (NOD) is a public company listed on the Oslo stock exchange in
For more information go to www.nordicsemi.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)