BRIEF-Melexis NV Q1 sales up 22 pct

April 23 Wed Apr 23, 2014 1:17am EDT

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April 23 (Reuters) - Melexis Nv

* Full year guidance raised

* Sales for Q1 of 2014 were 75.6 million Eur, an increase of 22 percent compared to same quarter of previous year

* Operating result was 18.6 million eur, an increase of 46 percent compared to same quarter of previous year

* Net income was 18.9 million eur or 47 cent per share, an increase of 69 percent

* We expect sales growth in Q2 of 2014 to exceed 3 percent versus Q1 of 2014.

* For FY 2014, Melexis expects sales growth to be between 10 percent and 15 percent

* Global markets all seem set for growth. Our sound Q1 results and solid state of our order book comforted us to raise our outlook for year Source text for Eikon: Further company coverage:


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