Melexis NV Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 25, 2023 at 04:24 am EDT
Share
Melexis NV reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was EUR 248.55 million compared to EUR 219.81 million a year ago. Net income was EUR 56.81 million compared to EUR 48.78 million a year ago. Basic earnings per share from continuing operations was EUR 1.41 compared to EUR 1.21 a year ago.
For the nine months, sales was EUR 713.8 million compared to EUR 612.28 million a year ago. Net income was EUR 159.63 million compared to EUR 144.98 million a year ago. Basic earnings per share from continuing operations was EUR 3.95 compared to EUR 3.59 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. 
