Melexis Nv Ieper (MLXSF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and welcome to the MyLexus Q1 2025 Results Conference Call. My name is George. I'll be the coordinator for today's event. Please note that this conference is being recorded, and for the duration of the call, your lives will be in listen-only mode. However, you have the opportunity to ask questions towards the end of the presentation, and this can be done by pressing star one on top of the keypad. Also, during today's question and answer session, please limit yourselves to one question, to allow most people to ask their questions. If you require assistance at any point, please press star zero, and you'll be thanked to an operator. And I'm going to call over to host today, Mr. Marc Biron, CEO of Briege Drieschamp. Please go ahead, sir. Hello, everyone, and welcome to our first quarter 2025 earnings call. Together with our CFO, Karen Van Grisven, I will discuss how the year has started for Melexis and how we are preparing for the future as an electrified and robotized world remains the growth driver for Melexis. While taking into account the changes in external conditions and adjusting where needed, we always focus on things within our control. In Q125, sales were within our guidance, despite a volatile and fast-changing market environment. Sales to customers in Asia-Pacific were 64% of total sales, while from end-market perspective, beyond automotive sales were 12%. The current gross profit margin is clearly below where we want to be, and the actions we are taking are expected to have an impact by the end of this year. You may have read that we did not include a comment in our expectation after the first half of this year. Since we reported full-year results last February, customers in our end market are facing a wider range of scenarios due to tariff announceme...