MELE Melexis NV

Melexis expects Q1 2020 sales at high end of guidance, withdraws full year guidance and reduces dividend

Melexis expects Q1 2020 sales at high end of guidance, withdraws full year guidance and reduces dividend

Regulated information

Intermediate declaration by the Board of Directors

Ieper, Belgium - April 1st, 2020, 18.00 hrs CET



Dear,

Please find herewith the link to our most recent press release:

Attachment

EN
01/04/2020

Underlying

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Reports on Melexis NV

Marc Hesselink ... (+3)
  • Marc Hesselink
  • CFA
  • Thymen Rundberg

Melexis/Slow cyclical recovery/HOLD

Melexis reported a mixed 2Q25 update with the early signs of a market recovery but at the same time disappointing gross margins. We believe that automotive semiconductors will recover further from current lows, but we also expect ongoing uncertainty and low visibility given the major ongoing changes in the auto sector and tariff discussions We reiterate our HOLD rating but increase our target price from €60 to €70 per share given the early signs of an uptrend.

Martin Marandon-Carlhian ... (+2)
  • Martin Marandon-Carlhian
  • Stephane Houri
Martin Marandon-Carlhian ... (+2)
  • Martin Marandon-Carlhian
  • Stephane Houri

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