Melexis forecasts lower sales and margin for 1st half of 2025, shares slump

Quick Summary:

Melexis, Belgium's largest semiconductor supplier, on Wednesday forecast lower margin and sales for the first half of 2025, sending its shares to nearly five-year lows, as inventory corrections by automotive clients continue into the new year.

The shares fell as much as 14.7 per cent to 52.65 euros in early trading, their lowest price since mid-May 2020, and were down 10 per cent as of 0842 GMT, at the bottom of Brussels' main index BEL20.

Sales in the first quarter should be in a range of 190 million to 200 million euros, it said.

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Category: EconomyBusiness

Markets: SingaporeBelgium

Topics: Sales 2025 Cent Shares Million Euros First Melexis Semiconductor Year Margin

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Article Type: News Report

Published On: 2025-02-05 @ 14:23:42 (10 hours ago)

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News Source URL: channelnewsasia.com

Language: English

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