Infineon continued to grow during the 2019 fiscal year in a difficult environment. Revenue increased by 6 percent to €8.029 billion. Segment Result slightly decreased to €1.319 billion, corresponding to a margin of 16.4 percent. The revenue and profitability target, which we defined at the beginning of the fiscal year, has been reduced due to the economic downturn in the course of the 2019 fiscal year. Today, our traditional core competencies are in greater demand than ever. We make our customers more successful with leading technology and system understanding. We develop solutions that make life easier, safer and greener. We are focusing on structurally strongly growing markets. At the same time, we continue to refine our growth strategy to prepare for the success of tomorrow. At Infineon, success is not only defined by the targets that we achieve but also by the way that brought us there: Sustainability is at the core of our thinking. Our listings in sustainability indices, including the Dow Jones Sustainability™ World Index are both our reward and motivation.
Infineon has a very good reputation in the capital markets. This helped us in 2019 for example when securing financing for the acquisition of Cypress Semiconductor and when organizing the first refinancing steps. Our investors appreciate the growth strategy and the corresponding future prospects of our company based on megatrends such as energy efficiency, mobility, the Internet of Things & Big Data as well as security. Equally important, however, is a sense of trust in the expertise, drive and reliability of our employees. In 2019, we again achieved a great performance in an economically challenging environment – clearly justifying the trust that our stakeholders place in us. This achievement is down to the hard work and dedication of all of our employees.