Melexis Q2 2012 results - Melexis first time exceeds 60 million euro quarterly sales

Intermediate declaration by the Board of Directors.

Ieper, Belgium - 1 August 2012, 07.00 am CET

Half-year sales were 120.6M EUR, an increase of 3% compared to the first half year 2011. Gross margin was 56.3M EUR, an increase of 5% compared to the same period last year. The operating result was 27.1M EUR, compared to 27.0M EUR the same half year of 2011. Net income was 22.8M EUR, compared to 22.3M EUR in the first half year 2011.

Sales for the second quarter were 62.1M EUR, an increase of 8% compared to the same quarter of the previous year and an increase of 6% versus the previous quarter. The EUR/USD exchange rate evolution had a positive impact of 5% compared to the same quarter of last year and had no impact compared to the previous quarter. Gross margin was 29.1M EUR, an increase of 9% compared to the same quarter of last year and increase of 7% versus the previous quarter. The operating result was 13.9M EUR, compared to 12.8M EUR in the same quarter of 2011 and 13.2M EUR in the previous quarter. Net income was 11.8M  EUR, 29 cent per share, up from 25 cent per share in the second quarter of 2011 and 25 cent in the previous quarter. R&D expenses were at 16% of sales, Selling was at 3.5% and G&A was at 5% of sales.

Melexis purchased 28.315 shares during the second quarter of 2012 at an average price of 11.93 EUR. As a result, the total number of shares at the end of the second quarter of 2012 was 306.005, representing 0.76% of shares outstanding.


The Board of Directors decided to pay out an interim dividend of 0,65 EUR gross per share. The Melexis shares will start trading ex coupon on 22 October 2012 (opening of the market). The record date is 24 October 2012 (closing of the market) and the dividend will be payable as from 25 October 2012.


We anticipate sales in the third quarter of 2012 to increase by 4-5% compared to the second quarter.
For 2012, taking into account the current EUR/USD exchange rate, we expect high single digit growth in
sales and our gross profit and operating margin as percentage of sales to be around the same level as

Françoise Chombar, CEO of Melexis comments:

"While demand in Europe has been pretty stable, we noticed a boost of our sales in Asia, with a traction coming mainly from automotive. The healthy geographical spread of our customer base clearly represents an asset to Melexis."

Karen van Griensven, CFO of Melexis adds:

"“Earnings per share increased year on year by 16% in the second quarter. This is the combined result of the improved financial performance and the cancellation of own shares. Melexis will continue to reward its shareholders by distributing dividends and by performing share buybacks."

Financial Calendar

Publication Q3 2012 Results: 17 October 2012

Publication FY 2012 Results: 6 February 2013


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