Sales stable at Infineon
Revenues have been described as “stable” by Infineon Technologies, with the German firm posting sales of €1.6bn for its third quarter.
Despite a difficult market, memory sales increased, offsetting falls in communications, automotive, and other markets, said the firm.
However, net loss in the third quarter was €240m compared to a net loss of €114m in the prior quarter, said Infineon.
|Dr Wolfgang Ziebart|
“We have made good progress in our corporate restructuring. However, in the third quarter we have seen adverse effects on memory products and security and chip-card ICs as well as at some of our baseband customers,” said Dr Wolfgang Ziebart, president and CEO at Infineon.
The firm’s memory division saw bit shipments rise by 45 per cent, set against a loss in price per bit of 30 per cent.
For the next three months, Infineon said it “anticipates a rather balanced supply and demand environment in the market, facilitating price stability during the quarter”.
In communications, wireline was flat, while baseband components declined in value. Meanwhile small gains in automotive and industrial were offset by falls in security and smartcards.
Revenue for the first nine months of the 2005 financial year were €5.03bn, down three per cent from €5.20bn in the same period last year. Net loss for the period was €212m, compared to net income of €17m last year.