Melexis NV (LTS:0FA0)
€ 82.2 0.15 (0.18%) Market Cap: 3.34 Bil Enterprise Value: 3.48 Bil PE Ratio: 14.96 PB Ratio: 5.25 GF Score: 97/100

Full Year 2023 Melexis NV Earnings Call Transcript

Feb 07, 2024 / 09:30AM GMT
Release Date Price: €80.65 (-0.37%)
Operator

Good day and welcome to today's Melexis full year 2023 results conference call. This meeting is being recorded. And at this time, I'd like to hand the call over to Mr. Marc Biron, CEO. Please go ahead sir.

Marc Biron
Melexis NV - CEO

Thank you, the audience, thank you for joining the Melexis fourth-quarter and full-year 2023 earnings call. Together with Karen van Griensven, our CFO, I will look back on the past year, and I will give some light on the year to come. In the fourth quarter of '23, sales came out at EUR250.5 million, up 12% compared with a full quarter of '22.

For the full year, sales grew by 15% compared with '22. The outperforming product line were given sensors for powertrain applications, but also embedded motor drivers and pressure sensor, which are agnostic to the powertrain.

Product launches in '23 address both the automotive and the non-automotive industry. Automotive product launch included a current sensor for power sensing application for the EV vehicle and an inductive sensors used in automotive pedal and automotive

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