Semiconductor firm Melexis forecasts lower sales and margins for Q1 (updated)
05/02/2025 06:27
(Adds details on outlook in paragraphs 4-5)
Feb 5 (Reuters) - Melexis MLXS.BR , Belgium's largest
semiconductor supplier, said on Wednesday that it expected lower
margins and sales in the first quarter of 2025, as inventory
corrections by its automotive customers continue into the new
year.
The company expects its operating margin to reach 16% in the
first three months of the year, down from the 26.4% it posted in
the same period in 2024.
It also sees lower sales in a range of 190 million to 200
million euros ($197.1 million to $207.5 million), versus the
228.6 million euros it reported last year.
"While customer inventory corrections are continuing in
the first half of the year, we are cautiously optimistic that
customer demand will start to improve around the summer," the
company said in a statement.
Melexis did not provide a guidance for the full year, but
said sales were expected to pick up significantly in the second
half of 2025.
($1 = 0.9639 euros)
(Reporting by Nathan Vifflin in Gdansk, editing by Milla Nissi)
((nathan.vifflin@thomsonreuters.com; +48 58 769 67 13;))