Melexis Business Outlook

Due to the reduced sales of many automakers and the accompanying inventory reductions by our customers, Q4 sales are expected to be 25 to 30% lower compared to the previous quarter.

Averaging customer inputs, historic data and market analysis, we estimate an overall vehicle production drop of 5 to 10% in 2009 vs 2008. Compared to actual decreases in worldwide automotive sales, this should
be a worst case assumption. From the records we found which started in 1982, the strongest decrease in passenger car sales was in 1991, when sales came out around 3.3% lower than the previous year. In 1987, when another major stock market crash occurred, sales dropped 1% compared to 1986 and sales in 1988 were higher than in 1987.

Based on this and at a USD exchange rate of 1.3, we expect Melexis revenues 2009 to be stable compared to 2008 with recovery mainly in HY2.

Download PDF PR_ENG_Nov_2008.pdf Note: Requires Acrobat Reader.

Contact: Frances New

Phone:+86-755-8183 2961
Fax:  +86-755-2264 5259
Email:sumzi@sumzi.com
MSN:  sumzi_frances@msn.com
 http://www.sumzi.com