For the year 2007, revenues were 204 million EUR, an increase of 1% compared to the previous year. Currency fluctuations had a negative impact of 6%.
Gross margin was 84.8 million EUR, at the same level compared to 2006.
The operating result was 40.9 million EUR, a decrease of 4% compared to last year.
The negative impact of the Dollar on the operating result was 3.5 million EUR compared to last year.
Net profit was 37.1 million EUR, 7% more than the previous year.
Revenues in the 4th quarter of 2007 were 52 million EUR, 3% more than the 4th quarter of 2006.
Currency movements had a negative impact of 8%.
Gross margin was 21.6 million EUR, an increase of 2% compared to 2006.
The operating result was 11.7 million EUR, an increase of 18% compared to last year.
The negative impact of the Dollar on the operating result was 1.6 million EUR, compared to the 4th quarter of 2006.
R&D expenses were at 15% of sales, while SG&A expenses rose to 10% of sales.
The other operating income of 2.9 million EUR is the result of the sale of the building Melexis constructed in Sofia in 1998. Melexis moved out of this building into a new larger facility at the end of September 2006.
Net profit was 11.6 million EUR, an increase of 32% compared to the same quarter last year.
Since January 2008, Melexis has repurchased 250.000 of its own shares.
Karen van Griensven, CFO of Melexis comments:
“Melexis realised an income of 2.9 million EUR on a sale of a 4.200 m² building in Sofia. Melexis typically acquires land/buildings rather than renting them. This sale shows that such policy pays off from time to time.
The company owns 8 buildings in 7 different countries, totaling 40.984m² of land and 33.012 m² of floor space.”
Rudi De Winter, CEO of Melexis comments:
“Melexis gained market share versus the semiconductor market as a whole and in particular in the automotive segment. In a USD dominated market, the Melexis automotive business remained strong at 7% growth in EUR or 17% in USD.”
Outlook for 2008
For 2008, we reiterate that we expect an increase in revenues of 5%, with a net profit margin in the range of 16-17%.
Financial Calendar
The BOD also agreed to organize an extraordinary shareholders’ meeting on April 21st, 2008. The only agenda item will be the buy back of shares.
• Shareholders Meeting on April 21st 2008.
• Release of Q1-results on April 23rd 2008.
• Release of H1-results on July 31st 2008.
• Release of Q3-results on October 23rd 2008
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Contact: Frances New
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