Author: EIS Release Date: Nov 26, 2020
Infineon had calendar Q3 (financial Q4) revenue of €2,490 million for a profit of €379 million and a net margin of 15.2%.
For the financial year to the end of September Infineon had revenue of €8,567 million, up 7% year-on-year for a profit of €1,170 million and a net margin of 13.7%.
Free cash flow was €911 million.
The outlook for calendar Q4 (financial Q1 2021) is for revenue of between €2.4 billion and €2.7 billion for a net margin of 16%.
He outlook for financial year 2021 to September 30 2021 is for revenue of €10.5bn at a net margin of 16.5%.
Investments of between €1.4 and 1.5 billion are planned. Free cash flow is expected to exceed €700 million
“Infineon has successfully completed an exceptional and difficult fiscal year with a very respectable fourth quarter,” says CEO Reinhard Ploss (pictured), “we have proven that our company has a robust business model and continues to develop steadily, even in uncertain times.”
“Some of our target markets, especially the automotive sector, have recovered better than expected since the summer,” adds Ploss, “in addition, the structural transformation towards electro mobility is accelerating, particularly in Europe. Other markets are showing weakness, like traction or government identification, or are still a long way from recovery, such as factory automation.”
“All in all, we are cautiously optimistic for the fiscal year that has just begun,” concludes Ploss, “however, the coronavirus pandemic, the geopolitical situation and prevailing macroeconomic conditions all remain challenging. The combination of a strengthened team and a broader technology and product portfolio – especially through connectivity for the IoT and other digital applications – enables us to address an even greater number of markets. We are in an excellent position to master future challenges.”