DGAP-News: Infineon Technologies AG: Third-quarter revenue of fiscal year 2013 in excess of one billion euros; Segment Result back to more than 10 percent
(firmenpresse) - DGAP-News: Infineon Technologies AG / Key word(s): Quarter
Results/Forecast
Infineon Technologies AG: Third-quarter revenue of fiscal year 2013 in
excess of one billion euros; Segment Result back to more than 10
percent
30.07.2013 / 07:30
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- RESULTS IN Q3 FY2013 BETTER THAN FORECAST WITH REVENUE OF EUR1,022
MILLION, SEGMENT RESULT OF EUR117 MILLION AND A SEGMENT RESULT MARGIN
OF 11.4 PERCENT
- OUTLOOK Q4 FY2013: REVENUE OF APPROXIMATELY EUR1.05 BILLION AND SEGMENT
RESULT MARGIN OF ABOUT 13 PERCENT
Neubiberg, Germany - July 30, 2013 - Infineon Technologies AG today is
reporting results for the third quarter of the 2013 fiscal year, ended June
30, 2013.
in Euro million Q3 FY13 Q2 FY13 +/- in %1 The calculation for earnings per share is based on unrounded figures.
Revenue 1,022 918 11
Segment Result 117 68 72
Segment Result Margin [in %] 11.4% 7.4%
Income (loss) from continuing operations 82 36 128
Income (loss) from discontinued operations, (5) (3) (67)
net of income taxes
Net income 77 33 133
in Euro
Basic earnings (loss) per share from 0.08 0.03 167
continuing operations1
Basic earnings (loss) per share from (0.01) --- ---
discontinued operations1
Basic earnings per share1 0.07 0.03 133
Diluted earnings (loss) per share from 0.08 0.03 167
continuing operations1
Diluted earnings (loss) per share from (0.01) --- ---
discontinued operations1
Diluted earnings per share1 0.07 0.03 133
'Infineon has made a good recovery and managed to grow again. Our strategy
is bearing fruit: we are now in a position to quickly and decisively take
advantage of opportunities as markets pick up', stated Dr. Reinhard Ploss,
CEO of Infineon Technologies AG. 'Revenue and margins have developed
favorably during the third quarter and we remain focused on enhancing
profitability.'
REVIEW OF GROUP FINANCIALS FOR THE THIRD QUARTER OF THE 2013 FISCAL YEAR
The Infineon Group reported revenue of EUR1,022 million for the third
quarter of the 2013 fiscal year, EUR104 million or 11 percent up on the
EUR918 million recorded in the previous quarter, with all four operating
segments contributing to growth.
The sharp rise in revenue helped to drive up the Segment Result by 72
percent to EUR117 million. The corresponding figure for the previous
quarter was EUR68 million. The Segment Result Margin improved
quarter-on-quarter from 7.4 percent to 11.4 percent. The Industrial Power
Control (IPC) segment returned to profitability with a Segment Result
Margin of 7.5 percent.
Income from continuing operations amounted to EUR82 million, compared with
EUR36 million one quarter earlier. The third-quarter loss from discontinued
operations was EUR5 million and followed a loss of EUR3 million reported in
the second quarter.
Net income improved quarter-on-quarter from EUR33 million to EUR77 million.
Earnings per share increased to EUR0.07 as compared to EUR0.03 one quarter
earlier (basic and diluted).
Investments - which the Company defines as the sum of purchases of
property, plant and equipment, purchases of intangible assets and
capitalized research and development assets - increased slightly from EUR65
million in the second quarter to EUR71 million in the third. Depreciation
and amortization was virtually unchanged at EUR115 million.
Free cash flow from continuing operations increased from EUR73 million in
the second quarter of the 2013 fiscal year to EUR135 million in the third
quarter. This improvement was achieved thanks to a EUR68 million increase
in net cash provided by operating activities and the fact that investments
were only slightly higher.
The gross cash position increased to EUR2.137 billion at the end of the
third quarter, compared to EUR2.016 billion as of March 31, 2013. The net
cash position also improved, rising from EUR1.705 billion at the end of
March 2013 to EUR1.832 billion as of June 30, 2013.
OUTLOOK FOR THE FOURTH QUARTER OF THE 2013 FISCAL YEAR
Infineon forecasts that fourth quarter revenue will increase to
approximately EUR1.05 billion. In the Automotive (ATV) segment, sales
should remain roughly flat with the preceding quarter. The other three
operating segments are all expected to see quarter-on-quarter revenue
growth. Rising turnover and improved capacity utilization will help to push
up the Segment Result Margin in the fourth quarter to about 13 percent.
Given the results for the first nine months and the outlook for the fourth
quarter, revenue for the full year should be approximately 1.5 percent
lower than in the previous fiscal year, with a Segment Result Margin just
under 10 percent.
Investments in the 2013 fiscal year will be at a level of just under EUR400
million. Depreciation and amortization should total about EUR470 million.
Infineon segments' performance in the third quarter of the 2013 fiscal year
can be found in the quarterly information at http://www.infineon.com .
All figures in this quarterly information are preliminary and unaudited.
ANALYST AND PRESS TELEPHONE CONFERENCES
Infineon Technologies AG will hold a telephone conference for analysts and
investors (in English only) on July 30, 2013 at 10.00 am (CEST), 4:00 a.m.
(US EDT), during which Infineon's third-quarter performance will be
presented. In addition, a telephone press conference with the Management
Board will take place at 11.30 am (CEST), 5:30 a.m. (US EDT). This
conference will be transmitted, in both German and English, over the
Internet. The conferences will be available live and as downloads on
Infineon's website at www.infineon.com/investor .
The Q3 Investor Presentation is available (in English) at:
http://www.infineon.com/cms/en/corporate/investor/reporting/index.html .
INFINEON FINANCIAL CALENDAR (*preliminary)
- Aug 28, 2013 Commerzbank Sector Conference Week, Frankfurt
- Sep 3-4, 2013 Deutsche Bank European TMT Conference, London
- Sep 18, 2013 Conference Call by Jochen Hanebeck, Division President,
Automotive
- Sep 24, 2013 Berenberg Bank and Goldman Sachs German Corporate
Conference, Munich
- Sep 25, 2013 Baader Investment Conference, Munich
- Nov 12, 2013* Earnings Release for the Fourth Quarter and Full 2013
Fiscal Year
- Nov 18-19, 2013 Company roadshow - including presentation by Andreas
Urschitz, Division President, Power Management&Multimarket (PMM),
London
- Nov 20-21, 2013 Morgan Stanley TMT Conference, Barcelona
- Dec 3-4, 2013 Credit Suisse Technology Conference, Scottsdale/Arizona
ABOUT INFINEON
Infineon Technologies AG, Neubiberg, Germany, offers semiconductor and
system solutions addressing three central challenges to modern society:
energy efficiency, mobility, and security. In the 2012 fiscal year (ending
September 30), the Company reported sales of EUR3.9 billion with close to
26,700 employees worldwide. Infineon is listed on the Frankfurt Stock
Exchange (ticker symbol: IFX) and in the USAon the over-the-counter market
OTCQX International Premier (ticker symbol: IFNNY).
D I S C L A I M E R
This press release contains forward-looking statements about the business,
financial condition and earnings performance of the Infineon Group.
These statements are based on assumptions and projections resting upon
currently available information and present estimates. They are subject to
a multitude of uncertainties and risks. Actual business development may
therefore differ materially from what has been expected.
Beyond disclosure requirements stipulated by law, Infineon does not
undertake any obligation to update forward-looking statements.
End of Corporate News
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Language: English
Company: Infineon Technologies AG
Am Campeon 1-12
85579 Neubiberg
Germany
Phone: +49 (0)89 234-26655
Fax: +49 (0)89 234-955 2987
E-mail: investor.relations(at)infineon.com
Internet: www.infineon.com
ISIN: DE0006231004
WKN: 623100
Indices: DAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart; Terminbörse EUREX
End of News DGAP News-Service
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Datum: 30.07.2013 - 07:30 Uhr
Sprache: Deutsch
News-ID 282747
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