Ad-hoc | 27 June 2000 15:35
Ad hoc-Service: Infineon Technologies AG
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Infineon raises profit forecast for third quarter and fiscal 2000
Due to the increased demand for memory products and the better than expected
positive price trend in this segment, Infineon Technologies has increased
forecasts of the income it expects to generate in the third quarter and
for fiscal 2000. The company expects EBIT (Earnings before Interest and Tax)
for the third quarter (ending June 30, 2000) to be significantly above
300 million euros.
Higher memory prices, which have been rising sharply since June, as well as
above-average productivity gains, if continued, are likely to lead to
even higher income in the fourth quarter.
Apart from the memory business, demand has also been consistently high
for products from all other segments in wireless and wired communications,
automotive and security and chipcard ICs. Compared to revised sales forecasts
for the worldwide semiconductor industry, Infineon is still set to grow
significantly faster than the market. The World Semiconductor Trade Statistics
(WSTS) recently lifted its growth forecast for the year 2000 from 18.7 percent
to 30.6 percent.
Infineon plans to announce its third quarter results of fiscal year 2000
on July 26, 2000.
Disclaimer on Financial Projections
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Any statements in this document that are not historical facts, including
statements regarding price levels of memory products and demand for our
memory products and other semiconductors, are forward-looking statements
that involve risks and uncertainties; actual results may differ materially
from the forward-looking statements for a number of reasons, including
changes in demand for memory products and other semiconductors, changes
in supply of these products and changes in demand for the products
that incorporate our semiconductors. Infineon Technologies undertakes
no obligation to publicly release the results of any revisions to
these forward-looking statements that may be made to reflect events
or circumstances after the date hereof or to reflect the occurrence
of unanticipated events.
In case of further questions don’t hesitate to contact us.
INVESTORS & ANALYSTS:
Matthias Poth / Achim Schneider
Investor Relations
Phone: +49-89-234 26655
Email: investor.relations@infineon.com
JOURNALISTS:
Katja Schlendorf
Media Relations
Phone: +49-89-234 28480
Email: media.relations@infineon.com
Further information at www.infineon.com
End of Message