Melexis NV (GB:0FA0) has released an update.
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Melexis NV reported a Q2 2024 revenue of 245.7 million EUR, marking a 4% year-over-year increase, with a net profit drop of 5% to 49.1 million EUR. The company announced an interim dividend of 1.30 EUR per share and projects Q3 revenues between 247-252 million euros, aiming for a full-year revenue of around 1 billion euros. Despite a slight decrease in profit, Melexis maintains a positive outlook with expected gross and operating margins above 44% and 25%, respectively.
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