Segment Result in line with expectations; cost savings taking effect
- Q1 FY 2013: Revenue €851 million; Segment Result €44 million
- Outlook Q2 FY 2013: revenue expected to increase by a mid single digit percentage and Segment Result to be slightly up in absolute terms compared to previous quarter
- Outlook FY 2013: revenue forecast to decrease by mid-to-high single digit percentage compared to previous fiscal year, with Segment Result Margin remaining at a mid-to-high single digit percentage of revenue despite headwinds from euro/US dollar exchange rate
Neubiberg, Germany – January 31, 2013. Infineon Technologies AG today reported results for the first quarter of the 2013 fiscal year, ended December 31, 2012.
“Revenue and earnings are in line with our expectations and cost saving measures are beginning to take effect. As long as the global economy does not stall, business should continue to pickup as expected", stated Dr. Reinhard Ploss, CEO of Infineon Technologies AG. "Our delivery capability at top quality levels will enable us to take advantage of the chances the market offers.”
For the full version of this news release (incl. financial data), please download the PDF version (see on the right)
Infineon Technologies AG, Neubiberg, Germany, offers semiconductor and system solutions addressing three central challenges to modern society: energy efficiency, mobility, and security. In the 2012 fiscal year (ending September 30), the Company reported sales of Euro 3.9 billion with close to 26,700 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).