Electronics Maker
  • Home
  • Electronics News
  • Articles
  • Magazine
  • Events
  • Interview
  • Electronics Projects
No Result
View All Result
  • Home
  • Electronics News
  • Articles
  • Magazine
  • Events
  • Interview
  • Electronics Projects
No Result
View All Result
Electronics Maker
No Result
View All Result
Home Electronics News

Infineon now expects to grow its 2019 fiscal year revenue to 8 billion Euro with 16% segment result margin

Electronics Maker by Electronics Maker
March 28, 2019
in Electronics News
0
0
SHARES
78
VIEWS
Share on FacebookShare on Twitter

Infineon-logoNeubiberg, Germany – 27 March 2019 – In view of continued global economic uncertainties and weaker endmarket demand Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) is adjusting its outlook for the 2019 fiscal year revenue and earnings downward.

Revenue is now expected to come in at 8.0 billion Euro, up from 7.6 billion Euro in the 2018 fiscal year, plus or minus 2 percent. The assumed USD exchange rate going forward continues to stand at 1.15. The growth rate of the Automotive and Industrial Power Control divisions should come in above group average, whereas the Power Management & Multimarket division is expected to grow slightly less. For the Digital Security Solutions division revenue is still assumed to decline by a mid-single digit percent rate compared to the previous year.

Business indicators point to a slower demand recovery than expected thus far. A number of endmarkets continue to be sluggish; in particular, the trend of declining vehicle sales in China has accelerated in February, causing dealer inventories to increase sharply. Also, inventories in the broader distribution channel, in particular for Power Management & Multimarket in China have increased.

In the midpoint of the guided revenue range, the segment result margin should be 16 percent, versus 17.5 percent before. This figure includes idle costs resulting from reduced production volumes, only partially compensated by short-term measures aimed at stabilizing profitability.

In the current quarter ending on 31 March, revenue and segment result should come in as expected, i.e. constant revenue compared to the first fiscal quarter, plus or minus 2 percent, with a segment result margin of 16 percent. Despite a continued strong structural growth, Infineon now expects a lower than normal seasonal revenue increase in the second half of the 2019 fiscal year.

Investments will be kept for the time being at the projected level of about 1.5 billion Euros. This is predominantly due to business areas where current production capacity continues to be insufficient to satisfy demand, like electro-mobility.

Tags: electro-mobilityICssemiconductors
Electronics Maker

Electronics Maker

Subscribe Newsletter

Subscribe to our mailing list to receives daily updates direct to your inbox!

*we hate spam as much as you do

Electronics Maker

It is a professionally managed electronics print media with highly skilled staff having experience of this respective field.

Subscribe Newsletter

Subscribe to our mailing list to receives daily updates direct to your inbox!

*we hate spam as much as you do

Quick Links

  • »   Electronics News
  • »   Articles
  • »   Magazine
  • »   Events
  • »   Interview
  • »   About Us
  • »   Contact Us

Contact Us

EM Media LLP
  210, II nd Floor, Sager Plaza – 1, Road No-44,, Plot No-16, Pitampura, New Delhi - 110034
  01145629941
  info@electronicsmaker.com
  www.electronicsmaker.com

  • Advertise with Us
  • Careers
  • Terms Of Use
  • Privacy Policy
  • Disclaimer
  • Cookie Policy

© 2020 Electronics Maker. All rights reserved.

No Result
View All Result
  • Home
  • Electronics News
  • Articles
  • Magazine
  • Events
  • Interview
  • Electronics Projects

© 2020 Electronics Maker. All rights reserved.

-