Melexis : Still a very buoyant backdrop in 2022 despite ongoing supply chain constraints
>Q4 2021 results and 2022 sales guidance > forecasts, slightly cautious on margins - Melexis yesterday reported solid Q4 2021 results with sales of € 166.2m, slightly ahead of the consensus forecast of € 164.5m and up +13% y-o-y. The gross margin amounted to 42.5% vs the consensus forecast of 42.3%. EPS was € 0.82, beating the consensus of € 0.78. For 2022, the group forecasts sales growth between 12% and 17%, i.e. a range of € 721-753m, above the pre-publication con...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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