Apr 23, 2019 / 03:00PM GMT
Operator
Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to Q1 2019 result conference call. (Operator Instructions) I must advise you that this conference is being recorded today, 23rd of April 2019.
I would like to hand the conference over your speaker today, Françoise Chombar. Please go ahead, ma'am.
Françoise Chombar - Melexis NV - CEO, MD & Director
Thank you. Dear audience, welcome to the Melexis earnings call for the first quarter of the new year. I will kick it off with how our business is evolving, and Karen Van Griensven, our CFO, will then take over for the financial perspective. We will welcome your questions afterwards.
So Melexis Q1 results are in line with guidance. Sales are impacted as anticipated by inventory corrections of customers, triggered by the continued uncertain economic and geopolitical situation, coupled by global trade tension. We're still in the midst of those inventory corrections, and visibility remains low.
As amply explained in our previous earnings call in
Q1 2019 Melexis NV Earnings Call Transcript
Apr 23, 2019
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