03.05.2016 Infineon Technologies AG  DE0006231004

DGAP-News: Infineon Technologies AG: REVENUE AND EARNINGS SLIGHTLY BETTER THAN EXPECTED


 
DGAP-News: Infineon Technologies AG / Key word(s): Quarter Results/Forecast Infineon Technologies AG: REVENUE AND EARNINGS SLIGHTLY BETTER THAN EXPECTED 03.05.2016 / 07:30 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- - Q2 FY 2016: REVENUE OF EUR1,611 MILLION; SEGMENT RESULT EUR228 MILLION; SEGMENT RESULT MARGIN 14.2 PERCENT - OUTLOOK FOR Q3 FY 2016: QUARTER-ON-QUARTER REVENUE INCREASE OF 2 PERCENT (PLUS OR MINUS 2 PERCENTAGE POINTS), SEGMENT RESULT MARGIN 16 PERCENT AT MID-POINT OF THE REVENUE GUIDANCE - OUTLOOK FOR FY 2016: IN SPITE OF A NOW ASSUMED EXCHANGE RATE OF US$ 1.15 TO THE EURO, YEAR-ON-YEAR REVENUE GROWTH OF AROUND 12 PERCENT (PLUS OR MINUS 2 PERCENTAGE POINTS) AND SEGMENT RESULT MARGIN BETWEEN 15 AND 16 PERCENT AT MID-POINT OF THE REVENUE GUIDANCE Neubiberg, Germany, May 3, 2016 - Infineon Technologies AG today reported results for the second quarter of its 2016 fiscal year (period ended March 31, 2016).
in Euro million                                 Q2 FY16   Q1 FY16  +/- in %

Revenue                                           1,611     1,556         4
Segment Result                                      228       220         4
Segment Result Margin [in %]                       14.2      14.1
Income (loss) from continuing operations            177       152        16
Income (loss) from discontinued operations,           3         -       +++
net of income taxes
Net income                                          180       152        18

in Euro
Basic earnings (loss) per share from               0.16      0.14        14
continuing operations1
Basic earnings (loss) per share from                  -         -         -
discontinued operations1
Basic earnings per share1                          0.16      0.14        14

Diluted earnings (loss) per share from             0.16      0.14        14
continuing operations1
Diluted earnings (loss) per share from                -         -        --
discontinued operations1
Diluted earnings per share1                        0.16      0.14        14

Adjusted earnings per share diluted2               0.18      0.17         6



1 The calculation for earnings per share is based on unrounded figures. 2 The reconciliation of net income to adjusted net income and adjusted earnings per share can be found in the quarterly information at www.infineon.com. "We have come through a difficult quarter quite well. Revenue and earnings were both slightly better than expected," stated Dr. Reinhard Ploss, CEO of Infineon Technologies AG. "Infineon is performing very well in next-generation technology areas with high growth rates: electromobility, advanced driver assistance systems and renewable energy. In spite of a weaker US dollar and a rather flat semiconductor market we are going to show double-digit growth in revenues in the current fiscal year." REVIEW OF GROUP FINANCIALS FOR THE SECOND QUARTER OF THE 2016 FISCAL YEAR Revenue of the Infineon Group increased from EUR1,556 million to EUR1,611 million quarter-on-quarter. The 4 percent increase was driven in particular by good revenue figures posted by the Automotive (ATV) segment. The Industrial Power Control (IPC) and Chip Card & Security (CCS) segments also recorded revenue growth, whereas Power Management & Multimarket (PMM) segment revenue was slightly down on the preceding quarter. The gross margin for the three-month period came in at 35.1 percent, compared with 35.9 percent in the previous quarter. The second-quarter figures include acquisition-related depreciation and amortization and other expenses attributable to the acquisition of International Rectifier amounting to EUR22 million. Segment Result increased slightly by 4 percent from EUR220 million to EUR228 million quarter-on-quarter, while the Segment Result Margin was 14.2 percent after 14.1 percent in the previous quarter. The negative non-segment result for the second quarter amounted to EUR54 million, unchanged from the preceding quarter. Of this result, EUR24 million related to the cost of goods sold, EUR3 million to research and development expenses and EUR24 million to selling, general and administrative expenses. Other operating income and other operating expenses amounted to a net expense of EUR3 million. The non-segment result includes EUR49 million of depreciation and amortization arising in conjunction with the purchase price allocation and other expenses for post-merger integration measures in conjunction with the acquisition of International Rectifier. Operating income improved from EUR166 million in the first quarter to EUR174 million in the second quarter of the current fiscal year. Income from continuing operations increased to EUR177 million, compared with EUR152 million in the first quarter. Income from discontinued operations amounted to EUR3 million, compared with a break-even amount of EUR0 million in the preceding quarter. Net income rose from EUR152 million in the first quarter to EUR180 million in the second quarter, largely as a result of the positive impact of tax income amounting to EUR21 million, resulting primarily from the reduction of deferred tax liabilities relating to the acquisition of International Rectifier and from the reversal of allowances on deferred tax assets relating to German and foreign entities. Earnings per share (basic and diluted) increased from EUR0.14 to EUR0.16 quarter-on-quarter. Adjusted earnings per share (diluted) improved from EUR0.17 in the first quarter of the current fiscal year to EUR0.18 in the second. For the purpose of calculating adjusted earnings per share (diluted), a number of items were eliminated, most notably acquisition-related depreciation/amortization and other expenses (net of tax) as well as reversals of valuation allowances on deferred tax assets. Investments - which Infineon defines as the sum of purchases of property, plant and equipment, purchases of intangible assets and capitalized development assets - totaled EUR163 million, compared to EUR167 million in the first quarter of the current fiscal year. Depreciation and amortization were practically unchanged in the second quarter at EUR213 million, compared to the EUR211 million reported for the first quarter. Free cash flow from continuing operations increased to EUR45 million in the second quarter of the 2016 fiscal year, compared to the break-even figure reported for the previous three-month period. Net cash provided by operating activities from continuing operations increased quarter-on-quarter from EUR175 million to EUR195 million. As a result of the dividend payment amounting to EUR225 million in February, the gross cash position decreased to EUR1,803 million at March 31, 2016, compared with EUR1,994 million at the end of the first quarter. The net cash position declined accordingly over the three-month period from EUR204 million to EUR27 million. OUTLOOK FOR THE THIRD QUARTER OF THE 2016 FISCAL YEAR In the third quarter of the 2016 fiscal year, Infineon expects a quarter-on-quarter revenue increase of 2 percent (plus or minus 2 percentage points). This forecast is now based on an assumed exchange rate of US$1.15 to the euro for the second half of the 2016 fiscal year. At the mid-point of the forecast revenue range, the Segment Result Margin is expected to come in at about 16 percent. OUTLOOK FOR THE 2016 FISCAL YEAR Based again on an assumed exchange rate of US$1.15 to the euro, Infineon expects year-on-year revenue growth of around 12 percent (plus or minus 2 percentage points) and a Segment Result Margin of between 15 and 16 percent at the mid-point of the forecast revenue range. The Power Management & Multimarket segment is expected to grow faster than the Group average. Revenue growth in the Industrial Power Control segment, and now also in the Automotive segment, is forecast to be roughly in line with the Group average. The Chip Card & Security segment is expected to report growth at a somewhat lower rate than the Group average. Investments in property, plant and equipment, intangible assets and capitalized development costs in the region of EUR850 million are planned for the 2016 fiscal year. Consequently, the ratio for investments as a percentage of revenue (at the mid-point of the forecast range) comes in at 13 percent. Depreciation and amortization are expected to be in the region of EUR850 million. Infineon segments' performance in the second quarter and the 2016 fiscal year can be found in the quarterly information at www.infineon.com. All figures in this quarterly information are preliminary and unaudited. ANALYST AND PRESS TELEPHONE CONFERENCE Infineon will host a telephone conference call for analysts and investors (in English only) on May 3, 2016 at 9:30 am (CEST), 3:30 am (EDT). During the call, the Infineon Management Board will present the Company's results for the second quarter of the 2016 fiscal year. In addition, the Management Board will host a live telephone conference with the media at 11:00 am (CEST), 5:00 am (EDT). It can be followed over the Internet in both English and German. Both conferences will also be available live and for download on Infineon's website at www.infineon.com/investor. The Q2 Investor Presentation is available (in English only) at: http://www.infineon.com/cms/en/corporate/investor/reporting/index.html INFINEON FINANCIAL CALENDAR (* preliminary) - May 23 - 24, 2016 JPMorgan Global TMT Conference, Boston - May 25, 2016 Berenberg European Conference USA, Tarrytown (NY) - May 26, 2016 Equita European Conference, Milan - May 30, 2016 Danske Bank German Corporate Day, Copenhagen - Jun 1, 2016 Berenberg TMT Conference, Zurich - Jun 8 - 9, 2016 Deutsche Bank German, Suisse & Austrian Conference, Berlin - Jun 15 - 16, 2016 Exane European CEO Conference, Paris - Jun 20, 2016 JPMorgan CEO Conference, London - Aug 2, 2016* Earnings Release for the Third Quarter of the 2016 Fiscal Year - Sep 1, 2016 Commerzbank Sector Week, Frankfurt - Sep 21, 2016 Baader Investment Conference, Munich - Nov 16 - 17, 2016 Morgan Stanley TMT Conference, Barcelona - Nov 23, 2016* Earnings Release for the Fourth Quarter and 2016 Fiscal Year - Nov 29 - 30, 2016 Credit Suisse TMT Conference Scottsdale (AZ) 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 2015 fiscal year (ending September 30), the Company reported sales of about EUR5.8 billion with some 35,400 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 Follow us: twitter.com/Infineon - facebook.com/Infineon - plus.google.com/+Infineon 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. 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. --------------------------------------------------------------------------- 03.05.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP 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: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart; Terminbörse EUREX End of News DGAP News Service --------------------------------------------------------------------------- 459937 03.05.2016


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

INVESTOR-INFORMATIONEN
©boersengefluester.de
Infineon
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
KBV KCV KUV EV/EBITDA
5,63 27,13 5,73 29,15
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
Hauptversammlung
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%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu Infineon Technologies AG  ISIN: DE0006231004 können Sie bei DGAP abrufen

Halbleiter , 623100 , IFX , XETR:IFX