Latest

Infineon: “Cautiously optimistic” for the current quarter

For the third quarter of the 2019/2020 fiscal year, Infineon reports sales of EUR 2.17 billion and a segment result of EUR 220 million. While sales increased from 1.99 billion euros in the second quarter, the segment result fell compared to the 274 million euros in the previous quarter. Infineon’s segment result margin fell from 13.8 percent to 10.1 percent. In the continuing operations, the result deteriorated by 306 million euros and is in the red with 128 million euros. The bottom line is that Infineon reports the same development and shows a quarterly loss of 128 million euros.

“The pandemic continues to have a significant impact on our target markets and is weakening demand in many areas. After all, we are seeing concrete signs of recovery in the particularly hard hit automotive market. Infineon is also benefiting from increasing digitization thanks to increasing data traffic, the Internet of Things and mobile communication, ”says Reinhard Ploss, Chairman of the Infineon Management Board.

One is cautiously optimistic about the final quarter of the 2019/2020 financial year, the manager said of the outlook. However, the development depends “to a large extent on the further course of the coronavirus pandemic worldwide, the effect of the economic stimulus packages and various geopolitical factors,” said Ploss. The turnover should be between 2.3 billion euros and 2.6 billion euros. In the middle of this sales range one will achieve a segment result margin of 14 percent, so Infineon.

At a glance – chart and news: Infineon

Tags

Related Articles

Back to top button
Close
Close