Ad-hoc | 21 September 2010 17:06
Infineon Technologies AG / Key word(s): Quarter Results
21.09.2010 17:06
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The issuer is solely responsible for the content of this announcement.
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Neubiberg, Germany - September 21, 2010 - Infineon Technologies AG (FSE:
IFX / OTCQX: IFNNY) today announced that result and revenues for the fourth
quarter of the 2010 fiscal year (ending September 30) will be better than
expected.
For the fourth quarter of the current fiscal year, Infineon expects to see
revenues rise sequentially by approximately 15 percent. In addition,
Infineon sees Combined Segment Result margin of 18 to 20 percent for the
quarter ending September 30, 2010. The Wireless Solutions (WLS) division
made a disproportionately higher contribution to the increase in guidance
driven especially by higher than expected smart phone sales.
For the full 2010 fiscal year Infineon expects to see revenues rise by
approximately 50 percent compared to the full 2009 fiscal year, and the
Combined Segment Result margin to 13 to14 percent.
The above guidance is based on the overall Infineon business and includes
the revenues and the Segment Result of the WLS division. When presenting
the figures for the fourth quarter and fiscal year 2010 on November 16,
however, the WLS business will then be reported as 'discontinued
operations' as a result of the proposed sale of the WLS business - the
remaining business of Infineon will be presented as 'continuing
operations'.
For the first quarter of the 2011 fiscal year, Infineon expects revenues
from the continuing operations excluding WLS to be at least on the same
level as in the fourth quarter of the 2010 fiscal year excluding WLS.
In the forecast for the fourth quarter of the 2010 fiscal year that was
published on July 28, 2010, Infineon expected revenues to grow sequentially
by a high single-digit percentage. Segment Result margin was expected to
grow by one or two percentage points.
About Infineon
Infineon Technologies AG, Neubiberg, Germany, offers semiconductor and
system solutions addressing three central challenges to modern society:
energy efficiency, mobility, 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).
Further information is available at www.infineon.com
This news release is available online 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 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
21.09.2010 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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, Stuttgart, Hannover, Hamburg, München, Düsseldorf;
Terminbörse EUREX
End of Announcement DGAP News-Service
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