Oct 30, 2024 / 09:30AM GMT
Operator
Good day, and welcome to today's Melexis Q3 2024 Results Conference Call. (Operator Instructions)
And now, I would like to hand the call over to our host, Marc Biron, CEO. Please go ahead, sir.
Marc Biron - Melexis NV - Chief Executive Officer, Managing Director, Director, representative of Marc Biron Consulting BV
Thank you. Dear audience, thank you for joining the Melexis third-quarter 2024 earnings call. In Q3, our sales reached EUR247.9 million, which is within -- it's in line with the Q3 of last year and it represents a 1% increase from Q2 to Q3 this year. This being said, next to the solid sales discussions with our automotive customer starting in September indicate that based on the current order book for the balance of 2024, they would end up with higher inventories than desired.
During the past couple of months, we have all read the announcement about the auto industry with global car production down by more than 5% in Q3 2024. Our current order book would result in sales for Q4, which is in line with our full year guidance on euro.
Q3 2024 Melexis NV Earnings Call Transcript
Oct 30, 2024
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