Product category:
Power Supply ICs and Controllers
News Release from: Melexis
Edited by the Electronicstalk Editorial
Team on 09 May 2006
Investment strategy continues to pay off
Melexis has published its results for the first quarter of 2006, with revenues of Eur 51.2 million, an increase of 28% compared with the same quarter of the previous year.
Melexis has published its results for the first quarter of 2006, with revenues of Eur 51.2 million, an increase of 28% compared with the same quarter of the previous year Gross margin was Eur 21.5 million, an increase of 29% compared with the same quarter last year
This article was originally published on Electronicstalk on 17 Oct 2003 at 8.00am (UK)
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The operating result was at Eur 11.3 million, an increase of 43% compared with the same quarter the previous year.
Net profit was Eur 8.7 million, or Eur 0.20 per share, an increase of 28% over the same quarter in 2005.
R and D expenses were at 13.3% of sales, Selling and G and A were stable at 7% of sales.
For the second quarter 2006, the company expects sales to be stable compared with the first quarter.
Melexis CEO Rudi De Winter comments: "I am very glad with this exceptional growth of 7% sequentially and 28% year on year".
"We realised growth in all business divisions and Melexis is growing both in the automotive and nonautomotive segment".
"Melexis will continue its strategy to invest in automotive innovative products such as contactless sensing technologies".
"We want to further increase market share with high added value products that have long product cycles".
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