Nordic Semiconductor ASA (GB:0FF9) has released an update.
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.
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