FY 2019: Final quarter and full year earnings in line with expectations - Outlook for FY 2020: market recovery not in sight before second half of fiscal year; Infineon nevertheless set to continue to grow and to maintain stable margins

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• Q4 FY 2019: Revenue of €2,062 million; Segment Result of €311 million; Segment Result Margin of 15.1 percent
• FY 2019: Revenue €8,029 million, up 6 percent year-on-year; Segment Result €1,319 million; Segment Result Margin 16.4 percent
• Outlook for FY 2020: Based on an assumed exchange rate of US$1.13 to the euro, year-on-year revenue growth of 5 percent (plus or minus 2 percentage points) and Segment Result Margin of around 16 percent at mid-point of revenue guidance expected. About 1.3 billion euros in investments planned. Free cash flow expected to come in between €500 and €700 million compared with €39 million in the FY 2019
• Outlook for Q1 FY 2020: Based on an assumed exchange rate of US$1.13 to the euro, quarter-on-quarter revenue decline of 7 percent (plus or minus 2 percentage points) anticipated. At the mid-point of revenue guidance, Segment Result Margin expected at around 13 percent

Neubiberg, Germany, 12 November 2019 – Infineon Technologies AG is today reporting results for the fourth quarter as well as for the full 2019 fiscal year, both ended 30 September 2019.

"We have achieved our targets for the fourth quarter, bringing a challenging fiscal year to an end on a good note. Demand was particularly strong for our power semiconductors for renewable energy applications and our sensors for consumer devices," said Dr. Reinhard Ploss, CEO of Infineon. "We are feeling the effects of weak global auto demand and do not expect any improvement for the time being. The general economic environment remains fraught with macroeconomic and political uncertainty. We do not expect markets to recover before the second half of the fiscal year."

For the full version of this news release (incl. financial data), please download the PDF version.