Melexis NV Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 26, 2022 at 04:44 am EDT
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Melexis NV reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was EUR 219.81 million compared to EUR 162.82 million a year ago. Net income was EUR 48.78 million compared to EUR 36.55 million a year ago. Basic earnings per share from continuing operations was EUR 1.21 compared to EUR 0.9 a year ago.
For the nine months, sales was EUR 612.28 million compared to EUR 477.56 million a year ago. Net income was EUR 144.98 million compared to EUR 97.81 million a year ago. Basic earnings per share from continuing operations was EUR 3.59 compared to EUR 2.42 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. 
