(Oslo, Norway – January 14, 2022) Preliminary numbers indicate that Nordic Semiconductor ASA will report revenue of USD 171 million with a gross margin of 58-59% for the fourth quarter 2021. In connection with the quarterly report for the third quarter 2021, the company guided for a revenue range of USD 150-170 million for the fourth quarter, with gross margin expected in the 51-53% range.
The exceptionally high gross margin reflects a one-off effect of price adjustments for the company’s products from December 1, 2021, including goods already in distributor inventories. Adjusting for these pricing effects, the underlying gross margin was approximately 53% in the fourth quarter, or roughly on par with the gross margin in the previous quarter.
“Our fourth quarter and full-year revenue figures reflect continued strong performance across all our end-user markets. Gross margin also remains strong even if we adjust for the positive effect of price adjustments in the fourth quarter, with a favorable product and customer mix in a strong market,” says CEO Svenn-Tore Larsen.
Nordic Semiconductor ASA will announce the interim report for the fourth quarter and preliminary full year 2021 on February 3, 2022.
For further information, please contact:
Pål Elstad, CFO Nordic Semiconductor ASA
Phone: +47 991 66 293
Ståle Ytterdal, SVP IR Nordic Semiconductor ASA
Phone: +47 930 37 430
About Nordic Semiconductor:
Nordic Semiconductor has been a pioneer in ultra- low power wireless solutions, from proprietary technologies for PC accessories to today’s Bluetooth low energy and multiprotocol products and long-range cellular IoT solutions. Nordic Semiconductor is the clear market leader in the ultra-low power wireless segment, serving a growing market in consumer electronics, wearables, building and retail, healthcare and an increasing number of other verticals and applications. Nordic Semiconductor (NOD) is a public company listed on the Oslo stock exchange in Norway.
For more information go to www.nordicsemi.com
This information is subject to the disclosure requirements in Regulation EU 596/2014 (MAR) article 19 number 3 and the Norwegian Securities Trading Act § 5 -12.