Demand strengthening at Infineon

Dr Reinhard Ploss - Infineon

Dr Reinhard Ploss – Infineon

Infineon had calendar Q1 revenues of €1,051 million for a profit of €146 million with a margin of 13.9%.

“Demand is strengthening and our order books are filling up nicely,” says CEO Reinhard Ploss, “we are in a position to outgrow the market this fiscal year.”

Revenue growth was mainly driven by automotive and industrial power control.

For calendar Q2, it expects revenue expected to increase between 4 and 8% sequentially with a margin between 14 and 16%.

For the fiscal year to the end of calendar Q3, Infineon expects sales to be up between 7 and 11% with a margin between 11 and 14%.

 

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