Ad-hoc | 22 December 2009 12:41
Infineon Technologies AG / Quarter Results
22.12.2009
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Infineon Technologies AG raises guidance for first quarter financials
Neubiberg, Germany - December 22, 2009 - Infineon Technologies AG today
raised the guidance for the first quarter of the 2009/10 fiscal year.
For the first quarter of the 2009/10 fiscal year, Infineon now expects high
single-digit growth in group revenues compared to the fourth quarter of the
2008/09 fiscal year and high single-digit margin for the Combined Segment
Result. This increase is mainly driven by the Automotive (ATV) and
Industrial & Multimarket (IMM) segments.
In the previous outlook for the first quarter of the 2009/10 fiscal year as
given on November 19, 2009, Infineon expected revenues and Combined Segment
Result to be approximately on the same level as in the fourth quarter of
the 2008/09 fiscal year.
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Information and Explaination of the Issuer to this News:
'This pleasing performance is the result of our leading market positions
and strict cost management, helped also by an improved industry
environment', said Peter Bauer, CEO of Infineon Technologies AG.
About Infineon
Infineon Technologies AG, Neubiberg, Germany, offers semiconductor and
system solutions addressing three central challenges to modern society:
energy efficiency, communications, and security. In the 2009 fiscal year
(ending September), the company reported sales of Euro 3.03 billion with
approximately 25,650 employees worldwide. With a global presence, Infineon
operates through its subsidiaries in the U.S. from Milpitas, CA, in the
Asia-Pacific region from Singapore, and in Japan from Tokyo. Infineon is
listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA
on the over-the-counter market OTCQX International Premier (ticker symbol:
IFNNY).
D I S C L A I M E R
This release includes forward-looking statements and assumptions about the
future of Infineon's business and the industry in which we operate. These
include statements and assumptions relating to general economic conditions,
future developments in the world semiconductor market, our ability to
manage our costs and to achieve our savings and growth targets, the
resolution of Qimonda's insolvency proceedings and the liabilities we may
face as a result of Qimonda's insolvency, the benefits of research and
development alliances and activities, our planned levels of future
investment, the introduction of new technology at our facilities, the
continuing transitioning of our production processes to smaller structure
sizes, our ability to continue to offer commercially viable products, and
our expected or projected future results.
These forward-looking statements are subject to a number of uncertainties,
including broader economic developments, including the duration and depth
of the current economic downturn and the sustainability of recent
improvements; trends in demand and prices for semiconductors generally and
for our products in particular, as well as for the end-products, such as
automobiles and consumer electronics, that incorporate our products; the
success of our development efforts, both alone and with partners; the
success of our efforts to introduce new production processes at our
facilities; the actions of competitors; the availability of funds, the
outcome of antitrust investigations and litigation matters; and the outcome
of Qimonda's insolvency proceedings; as well as the other factors described
in the 'Risk Factors' section of the annual report of Infineon on Form 20-F
filed with the U.S. Securities and Exchange Commission on December 8th,
2009.
As a result, Infineon's actual results could differ materially from those
contained in these forward-looking statements. You are cautioned not to
place undue reliance on these forward-looking statements. Infineon does not
undertake any obligation to publicly update or revise any forward-looking
statements in light of developments which differ from those anticipated.
22.12.2009 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Infineon Technologies AG
Am Campeon 1-12
85579 Neubiberg
Deutschland
Phone: +49 (0)89 234-26655
Fax: +49 (0)89 234-955 2987
E-mail: investor.relations@infineon.com
Internet: www.infineon.com
ISIN: DE0006231004
WKN: 623100
Indices: DAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Hannover, Stuttgart, Hamburg;
Terminbörse EUREX
End of News DGAP News-Service
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