The operating result was €35.4 million or 25.0% of sales, an increase of 7% compared to the same quarter of last year and an increase of 3% compared to the previous quarter.
Sales for the first half year of 2018 were €281.1 million, an increase of 12% compared to the first half year of 2017. The operating result was €69.7 million, compared to €64.6 million in the same half year of 2017, an increase of 8%.
“I am proud to announce that Melexis second quarter and first half 2018 performance is well in line with our expectations,” Melexis CEO Françoise Chombar said. “Excluding strong USD currency headwinds, Melexis first half year sales growth was 18%. The main growth drivers year to date were temperature sensors, embedded lighting and our magnetic sensor product family.
“The temperature sensors product line experienced a growing demand from its distribution customer base,” Chombar added. “These distributors serve a variety of applications in the areas of consumer, white goods and small appliances, mainly targeted for the Asian market. A second growth pillar for the product line is its automotive thermocouple interfaces. Sales to automotive customers represented 89% of total sales in the second quarter and 90% of total sales in the first half of 2018. The portion of standard product (ASSPs) sales represented 66% of total sales in the second quarter and 65% of total sales in the first half of 2018.”