Nordic Semiconductor ASA, a global provider of low power wireless connectivity,
today reported revenues for fourth quarter 2018 of USD 61.1 million and EBITDA
of USD 2.1 million, compared to revenues for fourth quarter 2017 of USD 64.4
million and EBITDA of USD 4.0 million. Increase of 14.9% in revenues for full
year 2018 of USD 271.1 million, compared to revenues for full year 2017 of USD
236.0 million.

Bluetooth revenues for fourth quarter 2018 of USD 40.1 million, compared to
revenues for fourth quarter 2017 of USD 44.1 million. Increase of 23.3% in
Bluetooth revenues for full year 2018 of USD 185.1 million, compared to
Bluetooth revenues for full year 2017 of USD 150.1 million. Gross margin for
fourth quarter 2018 of 51.0%, increase of 3.4 percentage points compared to
gross margin for fourth quarter 2017 of 47.6%. This is mainly due to a favorable
product mix.

“A turbulent macroeconomic picture at the end of 2018 resulted in a
disappointing quarter. The high uncertainty continues into 2019 and hence our
short-term outlook is impacted. We delivered annual revenue of USD 271 million
and 23% growth in Bluetooth for the full year 2018. We also recognized revenue
from the cellular IoT business for the first time, which marks the start of
Nordic’s next growth phase. We are excited to see our product being designed
into a broad range of customer applications,” says Svenn-Tore Larsen, CEO of
Nordic Semiconductor ASA.

Nordic provides revenue guidance for first quarter 2019 of USD 50-55 million,
with a gross margin of 50%. For the medium term, the company expects the
Bluetooth sales to grow by 20% to 30%.

For more information, please see the attached fourth quarter 2018 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: 

Svenn-Tore Larsen, CEO
Nordic Semiconductor ASA
Phone: +47 982 85 476

Pål Elstad, CFO
Nordic Semiconductor ASA 
Phone: +47 991 66 293 

Kine-Elena Reigstad, IR
Nordic Semiconductor ASA
Phone: +47 993 64 116





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
Norway.

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)