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 --------------------------------------------------------------------- - 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 %

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

1 The calculation for earnings per share is based on unrounded figures. '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 USA on 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 --------------------------------------------------------------------- 30.07.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 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: [email protected] 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 --------------------------------------------------------------------- 223203 30.07.2013