Green is good for Infineon

Author: EIS Release Date: Aug 10, 2023

Infineon had FY Q3 (calendar Q2) revenues of €4.089 billion, for a profit of €1.067 billion, at a margin of  26%.

 

For FY Q4 (calendar Q3) it expects revenue of around €4 billion with a margin Segment of around 25%.

 

For FY 2023, it expects revenue of around €16.2 billion with an  margin of about 27%.

 

 

Investments are expected to amount to approximately €3.0 billion. Free Cash Flow is now expected to be around €1.2 billion (previously €1.1 billion) and adjusted Free Cash Flow now around €1.7 billion (previously €1.8 billion).

 

 

 

“We have strongly performed in the past quarter, while Semiconductor market trends continue to present a mixed picture with both light and shade,” says CEO Jochen Hanebeck (pictured), “on the one hand, in electromobility, renewable energy and related application areas, demand has stayed high. On the other hand, demand for consumer applications, such as PCs and smartphones remains low. Infineon is performing well in this challenging market environment thanks to its persistent focus on structural growth drivers for the digital transformation and the transition to a green economy. This is why we take a forward-looking long-term approach and are investing in additional manufacturing capacity.”