Infineon updates outlook for third and fourth quarter of the 2012 fiscal year
Business & Financial Press
June 26, 2012
Neubiberg, Germany – June 26, 2012 – Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) today updates its outlook for revenue and Total Segment Result for the third and fourth quarter of the 2012 fiscal year.
For the current quarter, Infineon now expects a slight decline in revenues compared to the second quarter and a Total Segment Result Margin of approximately 12 percent.
The current global economic uncertainties led to a softer than expected development in the company’s operating business. With regards to sales, this was not fully compensated by the strength in the exchange rate of the US Dollar relative to the Euro. Margins were affected by lower than expected profit contributions due to lower sales. A positive currency impact in earnings did not materialize due to revolving foreign exchange hedging.
For the fourth quarter of the 2012 fiscal year, Infineon expects revenues and Total Segment Result margin to be broadly flat compared to the third quarter of the 2012 fiscal year.
Infineon will provide additional detail on the current quarter and the outlook for the fourth quarter when reporting the results for the third quarter of the 2012 fiscal year on July 31, 2012.
Infineon Technologies AG, Neubiberg, Germany, offers semiconductor and system solutions addressing three central challenges to modern society: energy efficiency, mobility, and security. In the 2011 fiscal year (ending September 30), the company reported sales of Euro 4 billion with close to 26,000 employees worldwide. Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).
Further information is available at www.infineon.com
D I S C L A I M E R
This news release contains forward-looking statements about the business, financial condition and earnings per-formance of the Infineon Group. These statements are based on assumptions and projections resting upon currently available information and present estimates. They are subject to a multitude of uncertainties and risks. Actual business development may therefore differ materially from what has been expected. Beyond disclosure requirements stipulated by law, Infineon does not undertake any obligation to update forward-looking statements.