Home News Infineon sets in 1Q, and significantly raises forecast for FY 09/10

Infineon sets in 1Q, and significantly raises forecast for FY 09/10

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MUNICH (Dow Jones) – The semiconductor manufacturer Infineon thanks to growing customer demand in the first quarter 2009/10 sales and Net income increased significantly. From October to December, sales grew in the Year over year by 27% to EUR 941 million, while net income rose to 66 (previous quarter 14) million, as the company announced on Friday. In the first quarter the previous year, net income was still from the now insolvent subsidiary Qimonda charged with EUR 288 million were.
The segment earnings in the first quarter of 2009/10 is now 88 (V? 52) million. In particular, the automotive segment (ATV) and Industrial & Multi-Market (IMM) developed in the first quarter. Both draw together approximately 60% of total revenue.
Infineon Technologies AG is now looking optimistically to the Full year than previously. For the 2009/10 financial year, Infineon rose and now in its forecast assumes that revenue growth amount from the previous year more than 20% and segment profit margin in the will be high single digits. Previously the company had with Based in Neubiberg, expects its sales by 10% over the previous year to increase and an operating profit margin in the mid single-digit To earn a few percent.
DJG / mak / jhe
END) Dow Jones Newswires
January 29, 2010 01:50 ET (06:50 GMT)
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