Melexis NV Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
February 01, 2023 at 03:05 am EST
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Melexis NV reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was EUR 223.87 million compared to EUR 166.23 million a year ago. Net income was EUR 52.17 million compared to EUR 33.3 million a year ago. Basic earnings per share from continuing operations was EUR 1.29 compared to EUR 0.82 a year ago.
For the full year, sales was EUR 836.16 million compared to EUR 643.79 million a year ago. Net income was EUR 197.15 million compared to EUR 131.11 million a year ago. Basic earnings per share from continuing operations was EUR 4.88 compared to EUR 3.25 a year ago.
Melexis N.V. specializes in the design and marketing of semi-conductors intended primarily for automotive equipment manufacturers. The group's activity is primarily organized around 4 families of products:
- sensors: primarily circuits for interfaces, pressure and acceleration measurement, and magnetic sensors;
- actuator: micro-controllers and peripheral integrated circuits used for dashboard indicators, windshield wipers, automatic door openers, etc.;
- radiofrequency circuits: transmitters, receivers, automatic identification systems, etc.;
- multiplexing circuits: optical and infrared circuits.
At the end of 2023, the group had 5 manufacturing sites located in Belgium, Germany, France, Bulgaria and Malaysia.
Net sales are distributed geographically as follows: Germany (12.6%), Switzerland (2.7%), Romania (2.6%), France (2.2%), Italy (1.8%), Austria (1.6%), Hungary (1.1%), the United Kingdom (0.3%), Spain (0.3%), Europe/Middle East/Africa (6%), China (15.5%), Hong Kong (9.5%), Japan (8.2%), Thailand (7.7%), South Korea (7%), Asia (10%), the United States (5.8%), Mexico (2.9%) and Americas (2.2%).