08.06.2018
Infineon Technologies AG DE0006231004
DGAP-Adhoc: Infineon Technologies AG: Decision to change target operating model
DGAP-Ad-hoc: Infineon Technologies AG / Key word(s): Strategic Company
Decision
Infineon Technologies AG: Decision to change target operating model
08-Jun-2018 / 14:24 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Infineon Technologies AG ("Company") has decided to change its target
operating model, which sets average targets for revenue growth, segment
result margin and investment-to-sales ratio over the cycle.
In view of the current strength of the order book and based on a euro/US
dollar ex-change rate of 1.20, the Company expects revenue to grow at least
in the coming 2019 fiscal year by a minimum of 10 percent. For the fiscal
years following this phase of accelerated growth, the Company assumes that
revenue will grow at an average annual rate of 9 percent, corresponding to
an investment-to-sales ratio of 15 percent. Any increase/decrease in planned
revenue growth will, for each percentage point, cause a slightly less
pronounced change in the investment-to-sales ratio.
In addition to the investment-to-sales ratio described above, further
investments in the low three-digit million euro range in total are planned
over the coming years to enable the Company to exploit additional business
opportunities and react appropriately to structural changes. Furthermore,
the Company intends to invest a total of approximately EUR700 million in
front-end cleanrooms and certain larger-scale office buildings during the
coming five-year planning period. Of the investments in Villach (Austria)
that have recently been announced, this figure includes the 300 mm cleanroom
and the research and development building. Implementation of these measures
on the stated scale will temporarily result in an investment-to-sales ratio
well above the ratio envisaged in the target operating model.
The aim of these measures is to ensure the availability of the necessary
production capacity up to about the middle of the next decade. It is
currently forecast that, by that time, more than half of the power
semiconductors produced by the Company will be manufactured on 300 mm wafers
(in Dresden (Germany) and Villach).
Irrespective of the amount of additional investment activity, Infineon plans
to gradually raise the segment result margin from its current target level
of 17 percent.
Contact:
Alexander Foltin, Investor Relations, phone: +49 89 234-23766 [IMAGE], fax:
+49 89 234-9559847 [IMAGE]
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08-Jun-2018 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Infineon Technologies AG
Am Campeon 1-15
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: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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693851 08-Jun-2018 CET/CEST
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