KBC Securities - Melexis NV (MELE) Melexis FIRST LOOK - 1Q23 results perfect in line - Guidance reiterated

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KBC Securities

Guy Sips

Melexis FIRST LOOK - 1Q23 results perfect in line - Guidance reiterated

1Q23 results perfect in line. We maintain our positive stance as Melexis is keeping its guidance. Accumulate and € 120 Target Price reiterated.

26/04/2023 1 EN

Underlying

Melexis NV

Melexis designs, develops, tests and markets advanced integrated circuits primarily for the automotive industry. Co. sells its products to a wide customer base in the automotive, medical and industrial markets in Europe, Asia and North America. Co.'s main products are Hall effect ICs, Pressure and Acceleration Sensors, Sensor Interface ICs, Automotive Systems-on-a-Chip, Embedded Microcontrollers, Bus System Chips, Optical and Infrared sensors. In each case the products are primarily developed for automotive applications and designated lead customers with subsequent use in commercial and industrial applications.

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BE0165385973 Euronext Brussels Belgium

Provider

KBC Securities

We are a financial services provider for several types of professional clients, each with distinct needs.

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Analysts

Guy Sips

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Melexis FIRST LOOK - 1Q23 results perfect in line - Guidance reiterated

We are a financial services provider for several types of professional clients, each with distinct needs.

Melexis: update on the share buy-back program

Melexis: update over het aandeleninkoopprogramma

Melexis: update on the share buy-back program

Qrf Model update: rental income above expectations, TP increase

Recticel Feedback conference call

Fugro FIRST LOOK: weak 4Q, comforting offshore wind comments, savings upped &#x07; &#x07;/

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Fugro FIRST LOOK: weak 4Q, comforting offshore wind comments, savings upped /