2024-04-24 19:03:09 ET
Melexis NV (MLXSF)
Q1 2024 Results Conference Call
April 24, 2024 04:30 AM ET
Company Participants
Marc Biron - Chief Executive Officer
Karen van Griensven - Chief Financial Officer
Conference Call Participants
Francois Bouvignies - UBS
Janardan Menon - Jefferies
Sandeep Deshpande - JPMorgan
Marc Hesselink - ING
Michael Roeg - Degroof Petercam
Robert Sanders - Deutsche Bank
Presentation
Operator
Good day and welcome to today's Melexis First Quarter 2024 Results Conference Call. Throughout today's recorded presentation, all participants will be in a listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions]
And at this time, I'd like to hand the call over to Mr. Marc Biron, CEO. Please go ahead, sir.
Marc Biron
Thank you. Dear audience, thank you for joining the Melexis first quarter 2024 earnings call. I will share with you the highlight of the past quarter, after which our CFO, Karen van Griensven will talk you through the financials.
In the first quarter of '24, sales came out at €242 million. Despite the inventory correction that we observed in some product line in the past few quarters, sales were up 6% compared to the first quarter of '23. Those results confirm that our product portfolio give us a very good immunity against any type of car that are preferred by the end customer. We are successful in comfort and safety application, as well as for the different type of powertrain....
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Melexis NV (MLXSF) Q1 2024 Earnings Call Transcript