Infineon defies weaker US$ with strong momentum: fiscal first quarter profitability better than expected

Infineon Technologies AG today reported its results for the first quarter of the 2018 fiscal year (period ended 31 December 2017). “Infineon has made a strong start to the new fiscal year,” stated Dr. Reinhard Ploss, CEO of Infineon. “Earnings and margin were better than forecast – despite the expected slight seasonal dip in revenues. …

Infineon Technologies AG today reported its results for the first quarter of the 2018 fiscal year (period ended 31 December 2017).

“Infineon has made a strong start to the new fiscal year,” stated Dr. Reinhard Ploss, CEO of Infineon. “Earnings and margin were better than forecast – despite the expected slight seasonal dip in revenues. The market for electro-mobility continues to drive growth. Infineon offers solutions for the entire range of drivetrain systems from hybrid to pure electric vehicles. Moreover, we continue to benefit from excellent market conditions, which are driving high demand for power components used in applications across the board, such as solar power plants, especially in China, and also for data centers. Operationally we are fully on track. We could still defy the headwind from the weaker US$ in the fiscal first quarter. Adjusted for the depreciation of the US$ from 1.15 to 1.25, our revenue momentum is unchanged, in terms of the Segment Result Margin even slightly better. However, we are unable to compensate a further depreciation of the US$ by another 8 percentage points, which negatively affects more than half of our revenues. As such, we currency-adjusted our outlook accordingly.”

For the full version of this news release (incl. financial data), please download the PDF version (see downloads below)

Jan 31, 2018 | PDF | 317 kb

 

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