Ad-hoc | 12 April 2010 15:02
Infineon Technologies AG / Quarter Results
12.04.2010 15:02
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 with strong second quarter and positive outlook
Neubiberg, Germany - April 12, 2010 - Infineon Technologies AG today
announces that result and revenues for the second quarter of the 2009/10
financial year (ending September 30, 2010) are better than expected, and
informs of a positive outlook.
For the second quarter of 2009/10, Infineon expects to see revenues rise
sequentially by approximately 10 percent. In addition, Infineon expects a
Segment Result margin of just over 10 percent for the quarter just ended.
In the third quarter of the current financial year, Infineon expects
continuing growth in revenues and a significant increase in the Segment
Result.
Infineon expects to raise the forecast for the full 2009/10 financial year.
The company will go into specifics when presenting the figures for the
second quarter 2010.
In the forecast for the 2009/10 financial year that was published on
January 29, 2010, the company expected a year-on-year growth in revenues of
over 20 percent and a high single-digit Segment Result margin. For the
second quarter of the current financial year, Infineon expected revenues at
the same level as in the first quarter or even slightly lower due to
seasonality.
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Information and Explaination of the Issuer to this News:
'The leading market positions and strict cost management are the basis for
this gratifying performance. It is supported by a favorable market
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 30), the company reported sales of Euro 3.03 billion with
approximately 25,650 employees worldwide. 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).
Further information is available at www.infineon.com.
You will find this news release at www.infineon.com/press
D I S C L A I M E R
This press 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 potential
disposition or closure of our ALTIS joint venture, the benefits of research
and development alliances and activities, our planned levels of future
investment, the introduction of new technology at our facilities, 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 sustainability of
recent improvements in the market environment; 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
continued availability of adequate funds; the outcome of antitrust
investigations and litigation matters; and the outcome of Qimonda's
insolvency proceedings; as well as the other factors mentioned in this
press release and those described in the 'Risk Factors' section of our most
recent annual report on Form 20-F on file with the U.S. Securities
and Exchange Commission.
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.
Kontakt:
Investor Relations, Tel.: +49 89 234-26655, Fax: +49 89 234-9552987
12.04.2010 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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