Infineon Technologies AG: Segment Result in line with expectations; cost savings taking effect

• Q1 FY 2013: Revenue €851 million; Segment Result €44 million

• Outlook Q2 FY 2013: revenue expected to increase by a mid single digit percentage and Segment Result to be slightly up in absolute terms compared to previous quarter

• Outlook FY 2013: revenue forecast to decrease by mid-to-high single digit percentage compared to previous fiscal year, with Segment Result Margin remaining at a mid-to-high single digit percentage of revenue despite headwinds from euro/US dollar exchange rate

Neubiberg, Germany – January 31, 2013. Infineon Technologies AG today reported results for the first quarter of the 2013 fiscal year, ended December 31, 2012.

“Revenue and earnings are in line with our expectations and cost saving measures are beginning to take effect. As long as the global economy does not stall, business should continue to pickup as expected”, stated Dr. Reinhard Ploss, CEO of Infineon Technologies AG. “Our delivery capability at top quality levels will enable us to take advantage of the chances the market offers.”
For the full version of this news release (incl. financial data), please download the PDF version (see on the right)

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