Melexis increase revenue in Q2

The EUR/USD exchange rate evolution had a positive impact of 2% compared to the previous quarter. Gross margin was 26 million EUR, an increase of 168% compared to the same quarter last year and an increase of 27% compared to the previous quarter. The operating result was at 14.9 million EUR, compared to a loss of 0.6 million EUR in the same quarter the previous year and a profit of 9.6 million EUR in the previous quarter. This represents an increase of 55% compared to the previous quarter. R&D expenses were 13% of sales, Selling was 3% of sales and G&A was at 4% of sales.