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Q1 2021 Melexis NV Earnings Call Transcript
Hello, and welcome to the Melexis Q1 2021 Results Conference Call. My name is Val, and I will be your coordinator for today's event. Please note, this conference is being recorded. (Operator Instructions)
I will now hand you over to your host, Francoise Chombar, CEO, to begin today's conference. Thank you.
Thank you very much, and good morning, dear audience. Welcome to the Melexis First Quarter '21 Earnings Call. As usual, Karen Van Griensven, our CFO; and myself, will be happy to take you through the highlights and answer your questions afterwards.
With the sales of EUR 155.6 million in the first quarter, Melexis posted a sequential sales growth of 6%, and an increase of 13% compared to the same quarter of the previous year. With this, Melexis sets another record and continues on its growth path. The 3 favorable fundamentals I talked about last time are being confirmed, both in the sales and in the outlook. One is automotive end-demand has returned with adjacent. Two is
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