Product category:
Power Supply ICs and Controllers
News Release from: Melexis
Edited by the Electronicstalk Editorial
Team on 10 November 2006
Automotive initiative bears fruit for
Melexis
Melexis has reported results for the third quarter of 2006, with revenues up 16% on the same quarter in 2005.
Melexis has reported results for the third quarter of 2006 Revenues for the third quarter were Eur 49.8 million, an increase of 16% compared with the same quarter of the previous year
This article was originally published on Electronicstalk on 17 Oct 2003 at 8.00am (UK)
Related stories
Driver IC for takes on high-power LEDs
Melexis has developed a new programmable single chip CMOS LED driver for high-power (1W) LEDs.
Gross margin was Eur 20.9 million, an increase of 17% compared with the same quarter last year.
The operating result was at Eur 10.7 million, an increase of 23% compared with the same quarter in the previous year.
Net profit was Eur 8.5 million, 20 cent per share, an increase of 27% over the same quarter 2005.
R and D expenses were at 13.4% of sales, selling and G and A were stable at 7% of sales.
For the full year 2006, we expect a sales growth of 16-17% compared with 2005.
The net profit margin will be approximately 17%.
For 2007, the company expects an increase in revenues of 10-15%, with a net profit margin in the range of 16-18%.
Speaking for Melexis, Rudi De Winter comments: "Growth in Q3 is mainly driven by sales of ASSPs".
"Sales in ASSPs amounted to 45% of total sales in Q3, compared with 37% in the same quarter in 2005, proving Melexis' strategy to enter the automotive ASSP market 10 years ago to be very successful".
• Melexis: contact details and other news
• Email this article to a colleague
• Register for the free Electronicstalk email newsletter
• Electronicstalk Home Page
Search the Pro-Talk network of sites
