Although the global economy remains sluggish, the group revenue again grew in the third quarter.
Infineon Technologies reported results for the third quarter of the 2019 fiscal year (period ended 30 June 2019).
“Infineon remains on course. Although the global economy remains sluggish, Group revenue again grew in the third quarter,” stated Dr. Reinhard Ploss, CEO of Infineon.
“Demand was solid overall, despite the lack of significant growth momentum. Regardless of the ongoing unfavorable macroeconomic conditions, we still expect to achieve our targets for the current fiscal year. The underlying drivers of our future markets are very much intact and continue to provide good long-term growth prospects to Infineon”, said Ploss.
The key takeaway of the third quarter:
- Q3 FY 2019: Revenue of €2,015 million; Segment Result of €317 million; Segment Result Margin of 15.7 percent
- Outlook for Q4 FY 2019: Based on an assumed exchange rate of US$ 1.15 to the euro, revenue is expected to grow by 1 percent (plus or minus 2 percentage points) quarter-on-quarter. At the mid-point of the revenue guidance, the Segment Result Margin is expected to come in at around 14.5 percent
- Outlook for FY 2019 confirmed: Revenue of €8 billion with a Segment Result Margin of 16 percent
- Acquisition of Cypress at an enterprise value of €9 billion announced; initial financing steps successfully completed with a capital increase of €1.5 billion and syndication of acquisition financing