Infineon closes December quarter with revenue down as forecast and earnings slightly better than expected. Slowing global economic momentum dampens outlook: revenue predicted to remain stable in March quarter
- Q1 FY 2019: revenue €1,970 million, seasonal quarter-on-quarter decrease of 4 percent; Segment Result €359 million; Segment Result Margin 18.2 percent
- Outlook for Q2 FY 2019: based on an assumed exchange rate of US$ 1.15 to the euro, revenue stable quarter-on-quarter (plus or minus 2 percentage points) and Segment Result Margin of 16 percent at mid-point of revenue guidance
- Outlook for FY 2019: given developments in the first two quarters, revenue growth now expected at the lower end of the forecast range, which corresponds to year-on-year growth of 9 percent at an assumed exchange rate of US$ 1.15 to the euro. At this revenue level, the Segment Result Margin should come in at about 17.5 percent
- Investments in FY 2019: planned investments to be reduced by between €100 million and €200 million in light of slower rate of growth
Neubiberg, Germany, 5 February 2019 – Infineon Technologies AG today reports results for the first quarter of the 2019 fiscal year (period ended 31 December 2018).
"So far we have been able to master the challenges of an increasingly difficult business environment well," stated Dr. Reinhard Ploss, CEO of Infineon. "Despite market headwinds, we expect to be able to grow by about 9 percent in the 2019 fiscal year and gain further market share on the back of healthy structural growth drivers. Our long-term growth prospects remain intact. We will therefore continue to pursue core projects such as the construction of the 300-millimeter cleanroom in Villach, but moderately reduce investments in manufacturing equipment."
For the full version of this news release (incl. financial data), please download the PDF version (see downloads below)
Reinhard Ploss, CEO Infineon Technologies AGDr_Reinhard_Ploss_01
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