24.03.2017
Infineon Technologies AG DE0006231004
DGAP-Adhoc: Infineon Technologies AG: Infineon increases outlook for second fiscal quarter of the 2017 fiscal year and for full 2017 fiscal year
DGAP-Ad-hoc: Infineon Technologies AG / Key word(s): Half Year
Results/Change in Forecast
Infineon Technologies AG: Infineon increases outlook for second fiscal
quarter of the 2017 fiscal year and for full 2017 fiscal year
24-March-2017 / 12:52 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Neubiberg, March 24, 2017 - Infineon Technologies AG increased today the
outlook for revenues and Segment Result Margin for the running, second
quarter of 2017 fiscal year and increased the outlook for revenues and
Segment Result Margin for the full 2017 fiscal year. The outlook for
investments for the full 2017 fiscal year is updated as well.
Increased outlook for the second quarter of the 2017 fiscal year
In the second quarter of the 2017 fiscal year, Infineon now expects a
stronger quarter-on-quarter revenue increase of approximately 8 percent.
This forecast is based on an average exchange rate of around US$1.07 to the
euro.
With this increase in revenues, the Segment Result Margin is expected to
come in at around 17 percent.
Increased outlook for the 2017 fiscal year
Based on an assumed exchange rate of US$1.10 to the euro for the second half
of the fiscal year, Infineon now forecasts revenue growth for the 2017
fiscal year in the range of 8 to 11 percent, and a Segment Result Margin of
around 17 percent at the mid-point of revenue guidance.
Due to the stronger than expected development of revenues and order entry,
higher investments in property, plant and equipment will be required.
Investments in property, plant and equipment, intangible assets and
capitalized development costs in the region of EUR1050 million are now
expected for the 2017 fiscal year, compared to EUR950 million so far. The
figure continues to include approximately EUR35 million for a new office
building at Infineon's headquarters in Neubiberg near Munich.
Contact:
Dr. Jürgen Rebel, Investor Relations, phone: +49 89 234-21626 [IMAGE], fax:
+49 89 234-9552501 [IMAGE]
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Information and Explanation of the Issuer to this News:
Analyst telephone conference
Infineon will host a telephone conference call for analysts and investors
(in English only) today, on March 24, 2017 at 5:00 pm (CET), 12:00 am (ET).
During the call, the Infineon Management Board will discuss the increased
outlook for the second fiscal quarter and the full 2017 fiscal year.
ABOUT INFINEON
Infineon Technologies AG is a world leader in semiconductor solutions that
make life easier, safer and greener. Microelectronics from Infineon is the
key to a better future. In the 2016 fiscal year (ending September 30), the
Company reported sales of about EUR6.5 billion with some 36,300 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
D I S C L A I M E R
This Ad-hoc notice contains forward-looking statements about the business,
financial condition and earnings performance of the Infineon Group.
These statements are based on assumptions and projections resting upon
currently available information and present estimates. They are subject to a
multitude of uncertainties and risks. Actual business development may
therefore differ materially from what has been expected.
Beyond disclosure requirements stipulated by law, Infineon does not
undertake any obligation to update forward-looking statements.
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24-March-2017 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Infineon Technologies AG
Am Campeon 1-12
85579 Neubiberg
Germany
Phone: +49 (0)89 234-26655
Fax: +49 (0)89 234-955 2987
E-mail: [email protected]
Internet: www.infineon.com
ISIN: DE0006231004
WKN: 623100
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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558023 24-March-2017 CET/CEST
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