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Infineon Technologies AG Reports Results for The Third Quarter of its 2016 Fiscal Year - Infineon Technologies AG today reported results for the third quarter of its 2016 fiscal year (period ended June 30, 2016) - Infineon.com
Infineon Technologies AG Reports Results for The Third Quarter of its 2016 Fiscal Year

 

PRZOOM - /newswire/ - Neubiberg, Germany, 2016/08/02 - Infineon Technologies AG today reported results for the third quarter of its 2016 fiscal year (period ended June 30, 2016) - Infineon.com. FSE: IFX; OTCQX: IFNNY

   
 
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Automotive, Renewables And Power Conversion Strong

• Q3 FY 2016: Revenue €1,632 million; Segment Result €254 million; Segment Result Margin 15.6 percent;
• Outlook for Q4 FY 2016: quarter-on-quarter revenue increase of 3 percent (plus or minus 2 percentage points), Segment Result Margin 17 percent at mid-point of revenue guidance;
• Gross margin 36.6 percent, adjusted gross margin 38.1 percent;
• Earnings per share €0.16 (basic and diluted), adjusted earnings per share (diluted) €0.19.

“Revenue, earnings and margin all increased in line with expectations in the third quarter. Demand was particularly strong for our automotive electronics, renewables and power supply solutions. Despite the current contraction of the semiconductor market and contrary to many of our competitors, Infineon (infineon.com) has grown once again compared to the prior year’s corresponding quarter, reflecting its focus on sub-markets with structural growth. We therefore continue to forecast a long-term compound annual growth rate of 8 percent,” stated Dr. Reinhard Ploss, CEO of Infineon. “We are enabling cleaner and safer cars, greener energy and even faster mobile communication. The planned acquisition of Wolfspeed will secure us a decisive technological advantage in the long term and help us grow our system understanding. We are thereby focusing on promising growth areas such as electromobility and the Internet of Things.”

Information Number: INFXX201608-073

 
 
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Infineon Technologies AG Reports Results for The Third Quarter of its 2016 Fiscal Year

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Infineon Technologies AG |
Contact: Bernd Hops - Infineon.com 
+49 89 234 23888 bernd.hops[.]infineon.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Infineon Technologies AG securities in any jurisdiction including any other companies listed or named in this release.

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