Subdued business outlook
Infineon: Annual sales increase to 8 billion euros
In view of continuing global economic uncertainties and weaker demand dynamics in the end markets, Infineon Technologies is lowering its forecast for revenue and earnings in the current 2019 fiscal year.
Infineon sales are now expected to reach 8.0 billion euros, plus or minus 2 percent, after 7.6 billion euros in the previous year. A future EUR/USD exchange rate of 1.15 is still assumed. Sales growth in the Automotive and Industrial Power Control segments is expected to be above the Group average. In the Power Management & Multimarket segment, on the other hand, sales growth is expected to be slightly lower than the Group average. Sales in the Digital Security Solutions segment are still expected to fall by a mid-single-digit percentage compared to the previous year.
The forecast for the segment result margin has also been updated and is now in the middle of the adjusted sales forecast at 16%, compared to 17.5% previously. Despite continued strong structural growth, a lower than usual seasonal increase in sales is now expected for the second half of the financial year. The planned investment volume of around 1.5 billion euros is to be maintained for the time being.
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