Nordic Semiconductor ASA (GB:0FF9) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Nordic Semiconductor outlines ambitious growth and profitability plans during its Capital Markets Day, aiming for over 20% annual revenue growth and a 25% EBITDA-margin within five years. The company is set to launch its nRF54 Series SoCs later in 2024, expecting to drive product growth in the short-range market and move towards profitability in both its Long-range and early-stage Wi-Fi and PMIC businesses by 2028. CEO Vegard Wollan emphasizes the need for operational leverage by growing revenue with a flat cost base in 2025 compared to 2024.
For further insights into GB:0FF9 stock, check out TipRanks’ Stock Analysis page.