Melexis NV Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 02, 2023 at 04:12 am EDT
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Melexis NV reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was EUR 236.65 million compared to EUR 208.41 million a year ago. Net income was EUR 51.9 million compared to EUR 47.59 million a year ago. Basic earnings per share from continuing operations was EUR 1.28 compared to EUR 1.18 a year ago.
For the six months, sales was EUR 465.25 million compared to EUR 392.47 million a year ago. Net income was EUR 102.82 million compared to EUR 96.21 million a year ago. Basic earnings per share from continuing operations was EUR 2.54 compared to EUR 2.38 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%).
MELEXIS N.V. 
