2024-02-07 18:10:06 ET
Melexis NV (MLXSF)
Q4 2023 Results Conference Call
February 07, 2024 04:30 AM ET
Company Participants
Marc Biron - Chief Executive Officer
Karen Van Griensven - Chief Financial Officer
Conference Call Participants
Francois Bouvignies - UBS
Ruben Devos - Kepler Chevreux
Guy Sips - KBC Securities
Sandeep Deshpande - JPMorgan
Marc Hesselink - ING
Javier Correonero - Morningstar
Robert Sanders - Deutsche Bank
Nigel van Putten - Morgan Stanley
Nikos Kolokotronis - Van Lanschot Kempen
Michael Roeg - Degroof Petercam
Presentation
Operator
Good day, and welcome to today's Melexis Full Year 2023 Results Conference Call. This meeting is being recorded.
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 Fourth Quarter and Full Year 2023 Earnings Call.
Together with Karen Van Griensven, our CFO, I will look back on the past year and I will give some light on the year to come.
In the fourth quarter of '23, sales came out at EUR 250.5 million, up 12% compared with the fourth quarter of '22. For the full year, sales grew by 15% compared with '22. The outperforming product line were current sensors for powertrain application, but also embedded motor drivers and pressure sensors, which are agnostic to the powertrain.
Product launches in '23 addressed both the automotive and the nonautomotive industry. Automotive product launch included current sensors for power sensing application for the EV vehicle and an inductive sensor used in automotive pedal and automotive steering applications....
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Melexis NV (MLXSF) Q4 2023 Earnings Call Transcript