Melexis NV (XBRU:MELE)
€ 55.15 -0.25 (-0.45%) Market Cap: 2.23 Bil Enterprise Value: 2.39 Bil PE Ratio: 11.21 PB Ratio: 3.76 GF Score: 98/100
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Q2 2020 Melexis NV Earnings Call Transcript

Jul 29, 2020 / 08:30AM GMT
Release Date Price: €70.2 (+2.41%)
Operator

Hello, and welcome to the Melexis Q2 2020 Results Call. My name is Rinkel, and I will be your coordinator for today's event. Please note this conference is being recorded. (Operator Instructions)

I will now hand you over to your host, Françoise Chombar, to begin today's conference. Thank you.

FranÃ;oise Chombar
Melexis NV - CEO, MD & Executive Director

§ -

Thank you, and welcome dear audience. It's a pleasure for Karen Van Griensven, our CFO; and myself, Françoise Chombar, to welcome you again today to our quarter 2 earnings conference. Let's run you through some top line and financial background first, after which we will be happy to answer any questions you may have.

So we exited the second quarter with a touch more than EUR 100 million sales, a decrease of 16% year-on-year and a sequential decrease of 27%. This being said, Melexis was able to post half year 1 2020 sales growth of 1% versus half year 1 2019 on the back of a severe COVID-19 disruption to the demand and supply lines. There are 2 remarkable elements to

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