Infineon continues to grow revenue, profit and cash
Infineon continued its solid steady growth in calendar Q2 with revenues up 6% on calendar Q1 at €1,110 million, profits up 16% on calendar Q1 to €170 million with a margin of 15.3%.
“Our forecast has proved to be correct: revenue, earnings and margin all improved again in the third quarter, with all four segments making a positive contribution”, says Dr. Reinhard Ploss, CEO of Infineon Technologies. “this is now our fifth consecutive quarter of year-on-year growth. Our strategy is proving successful and our investments are paying off.”
Cash at the end of calendar Q2 was €2,263 million compared with €2,198 million at the end of calendar Q1.
The net cash position also improved from €2,010 million on March 31, 2014 to €2,073 million on June 30, 2014.
The expected increase in revenue for the Industrial Power Control (IPC) segment should be well above the average for the Group. The Automotive (ATV) segment is expected to grow slightly above the Group average. The growth rates forecast for the Power Management & Multimarket (PMM) and Chip Card & Security (CCS) segments are slightly lower than the Group average.
Planned investments for the 2014 fiscal year are in the region of €650 million.Tags: automotive, Dr Reinhard Ploss, Infineon