Home News Infineon sets in 1Q, and significantly raises forecast … (two)

Infineon sets in 1Q, and significantly raises forecast … (two)

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The DAX Neubiberger Group expects the second quarter thus, the sales keep approximately the same level of the opening quarter can. "Due to seasonal effects," but it could also be about lower, the company advised. The Segment profit margin is expected in the high single-digit range. In the first quarter it reached 9.4% (previous quarter 6.1%).
Infineon had in the past year by the wireline division separately, which is now the U.S. investor Golden Gate Capital as Lantiq will continue. The semiconductor company reported on Friday at the Wireline business last year adjusted figures. Generated from the sale of the division Companies in the first quarter after-tax profit of 106 million euros.
This positive effect was, however, largely through the Deconsolidation of Altis, a joint venture with IBM, repealed. The Deconsolidation of Altis led to a unique operating loss of 81 Million, which included outside the segment result was.
In the first quarter, Infineon benefited from the economic Recreation, increased demand in the supply chain and the higher Consumer demand. "Especially the segments Automotive and Industrial & Multimarket segment were largely from the market upturn "said benefit, CEO Peter Bauer. Both segments together cover about 60% of total sales.
The Erstquartal Infineon figures surpassed the expectations analysts. They had a turnover of EUR 922 million and a Segment result of EUR 74 million expected.

   

Website: www.infineon.com

-By Matthias Karpstein, Dow Jones Newswires
+49 89 55214030, matthias.karpstein @ dowjones.com
DJG / mak / brb
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(END) Dow Jones Newswires

January 29, 2010 02:13 ET (07:13 GMT)

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