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 2024 Melexis NV Earnings Call Transcript

Jul 31, 2024 / 08:30AM GMT
Release Date Price: €80.55 (+4.61%)
Operator

Hello, and welcome to the Melexis Q2 2024 results call. My name is Saska, and I will be your coordinator for today's event. Today's call is being recorded (Operator Instructions) I will now hand you over to Marc Behrman, CEO, to begin today's conference. Please go ahead.

Marc Biron
Melexis NV - Chief Executive Officer, Managing Director, Director, representative of Marc Biron Consulting BV

Thank you for the introduction. Dear audience. Thank you for joining the Melexis second quarter 2024 earnings call. We will review our performance over the past quarter and over the first half of this year. In Q2, our sales reached EUR245.7 million, which is close to the higher end of our guidance.

It represents a 4% increase year over year compared to the market we [stand]. Our automotive growth was mainly driven by applications outside the powertrain. We experience new premium application that rapidly ripple down into smaller vehicles. For example, comfort features like ambient lighting of advanced climate control in which we are successful player are becoming

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