27.03.2019 Infineon Technologies AG  DE0006231004

DGAP-Adhoc: Infineon Technologies AG: Macroeconomic woes weigh on business expectations - Infineon now expects to grow its 2019 fiscal year revenue to 8 billion Euro with 16% segment result margin


DGAP-Ad-hoc: Infineon Technologies AG / Key word(s): Change in Forecast
Infineon Technologies AG: Macroeconomic woes weigh on business expectations - Infineon now expects to grow its 2019 fiscal year revenue to 8 billion Euro with 16% segment result margin

27-March-2019 / 14:36 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.

Neubiberg, 27 March 2019 - In view of continued global economic uncertainties and weaker endmarket demand Infineon Technologies AG is adjusting its outlook for the 2019 fiscal year revenue and earnings downward.

Revenue is now expected to come in at 8.0 billion Euro, up from 7.6 billion Euro in the 2018 fiscal year, plus or minus 2 percent. The assumed USD exchange rate going forward continues to stand at 1.15. The growth rate of the Automotive and Industrial Power Control divisions should come in above group average, whereas the Power Management & Multimarket division is expected to grow slightly less. For the Digital Security Solutions division revenue is still assumed to decline by a mid-single digit percent rate compared to the previous year.

Business indicators point to a slower demand recovery than expected thus far. A number of endmarkets continue to be sluggish; in particular, the trend of declining vehicle sales in China has accelerated in February, causing dealer inventories to increase sharply. Also, inventories in the broader distribution channel, in particular for Power Management & Multimarket in China have increased.

In the midpoint of the guided revenue range, the segment result margin should be 16 percent, versus 17.5 percent before. This figure includes idle costs resulting from reduced production volumes, only partially compensated by short-term measures aimed at stabilizing profitability.

In the current quarter ending on 31 March, revenue and segment result should come in as expected, i.e. constant revenue compared to the first fiscal quarter, plus or minus 2 percent, with a segment result margin of 16 percent. Despite a continued strong structural growth, we now expect a lower than normal seasonal revenue increase in the second half of the 2019 fiscal year.
Investments will be kept for the time being at the projected level of about 1.5 billion Euros. This is predominantly due to business areas where current production capacity continues to be insufficient to satisfy demand, like electro-mobility.

Analyst telephone conference
Infineon will host a telephone conference call for analysts and investors (in English only) today, on 27 March 2019 at 4:00 pm (CET), 3:00 pm (UK), 11:00 am (EDT). During the call, the Infineon Management Board will discuss the adjusted outlook for the 2019 fiscal year.

About Infineon
Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon is the key to a better future. In the 2018 fiscal year (ending 30 September), the Company reported sales of EUR7.6 billion with about 40.100 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).

Further information is available at www.infineon.com
This press release is available online at www.infineon.com/press

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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.

Due to rounding, numbers presented throughout this press release and other reports may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

All figures mentioned in this press release are preliminary and unaudited.

Alexander Foltin, Investor Relations, phone: +49 89 234-23766, fax: +49 89 234-9559847

27-March-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: Infineon Technologies AG
Am Campeon 1-15
85579 Neubiberg
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, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 792367

End of Announcement DGAP News Service

792367  27-March-2019 CET/CEST


Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 5.795,00 6.473,00 7.063,00 7.599,00 8.000,00 8.567,00 0,00
EBITDA1,2 1.315,00 1.596,00 1.795,00 2.330,00 2.360,00 1.841,00 0,00
EBITDA-Marge3 22,69 24,66 25,41 30,66 29,50 21,49 0,00
EBIT1,4 555,00 763,00 983,00 1.469,00 1.380,00 581,00 0,00
EBIT-Marge5 9,58 11,79 13,92 19,33 17,25 6,78 0,00
Jahresüberschuss1 634,00 743,00 790,00 1.075,00 1.080,00 368,00 0,00
Netto-Marge6 10,94 11,48 11,19 14,15 13,50 4,30 0,00
Cashflow1,7 817,00 1.313,00 1.728,00 1.575,00 1.605,00 1.811,00 0,00
Ergebnis je Aktie8 0,56 0,66 0,70 0,95 0,75 0,26 1,02
Dividende8 0,20 0,22 0,25 0,27 0,27 0,22 0,26
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: KPMG

WKN Kurs in € Einschätzung Börsenwert in Mio. €
623100 37,620 Halten 49.128,75
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
29,16 25,46 1,14 64,31
5,63 27,13 5,73 29,15
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
0,27 0,22 0,58 17.02.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
04.02.2021 04.05.2021 03.08.2021 10.11.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
8,30% 10,93% 19,85% 57,37%
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Halbleiter , 623100 , IFX , XETR:IFX