Press release: Melexis reports results for the third quarter 2008.

Intermediate declaration by the Board of Directors.
Ieper, Belgium ¨C October 23rd, 2008 at 07.00 hrs CET

Revenues for the third quarter were 48.8 million EUR, a decrease of 4% compared to the same quarter of the previous year

Gross margin was 21 million EUR, a decrease of 1% compared to the same quarter last year.

The operating result was 10 million EUR, an increase of 2% compared to the same quarter of the previous year.

Net profit was 8.5 million EUR, 20 cent per share, at the same level as the same quarter 2007.

R&D expenses were stable at 15% of sales, Selling was 3% of sales and G&A were stable at 5% of sales.

Melexis purchased 108.700 own shares during the third quarter of 2008 at an average price of 10,36 EUR.
As a result the total amount of purchased shares was 1.458.378 on 30th September 2008.

Rudi De Winter, CEO of Melexis comments:
With an average growth of 2% per year, the automotive market is one of the most stable markets in the world. During the previous market downturn in 2001, automotive sales went down by only 0,4% compared to 2000 according to a study from IMF.

Outlook 2008
Due to the high volatility in the markets, Melexis is currently unable to give a clear guidance on its fourth quarter results.

Download PDF PR_ENG_Q3 _2008.pdf Note: Requires Acrobat Reader.

Contact: Frances New

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