Infineon hopes to lift sales in Q2 after weak Q1

Jan 30, 2014

German semiconductors giant Infineon said Thursday it hopes to lift sales in the second quarter and is sticking to its full-year, despite a weak first quarter.

Infineon, which runs its business year from October to December, said in a statement that first-quarter sales declined, as expected, by 7.0 percent to 984 million euros ($1.3 billion).

Net profit was down 39 percent at 87 million euros.

The decline was in line with forecast since the period from October to December is traditionally weak.

"Infineon has made a good start into the new fiscal year. Revenue has developed in line with forecast during the first quarter. Earnings were better than expected, benefitting from the efficiency measures undertaken at our ," said chief executive Reinhard Ploss.

"Good order intake and positive forecasts for the underpin our outlook. Infineon is poised to profitably grow in 2014," he said.

Looking to the second quarter, Infineon said sales were forecast to rise by "a mid single digit percentage, primarily as a result of higher revenue in the automotive and and security divisions."

And looking at the year as a whole, Infineon "continues to forecast an increase in revenue of between 7.0 and 11 percent," it said.

Explore further: German chip maker Infineon meets full-year targets

add to favorites email to friend print save as pdf

Related Stories

German chip maker Infineon meets full-year targets

Nov 12, 2013

German semi-conductors giant Infineon said on Tuesday a strong fourth quarter had enabled it to meet its goals for the year just ended, but warned of falling sales in the current quarter.

Infineon sees lower 2012 sales as crisis bites

Nov 16, 2011

German semi-conductors giant Infineon said Wednesday it expected sales in its current business year to decline by around five percent as customers increasingly hold back in the current economic gloom.

Revived Infineon raises full-year targets

Feb 01, 2011

German semi-conductor company Infineon raised on Tuesday its 2011 sales and profit margin targets after posting a more than three-fold increase in net profit for the first quarter of its fiscal year.

Semiconductor giant Infineon upgrades outlook

Nov 19, 2009

German semi-conductor maker Infineon on Thursday upgraded its turnover and profits forecast over the next 12 months because of higher demand from the auto industry and cost cuts.

Recommended for you

Microsoft unveils Xbox in China as it faces probe

6 hours ago

Microsoft on Wednesday unveiled its Xbox game console in China, the first to enter the market after an official ban 14 years ago, even as it faces a Chinese government probe over business practices.

Teens love vacation selfies; adults, not so much

7 hours ago

(AP)—Jacquie Whitt's trip to the Galapagos with a group of teenagers was memorable not just for the scenery and wildlife, but also for the way the kids preserved their memories. It was, said Whitt, a "selfie ...

Tiny UAVs and hummingbirds are put to test

7 hours ago

Hummingbirds in nature exhibit expert engineering skills, the only birds capable of sustained hovering. A team from the US, British Columbia, and the Netherlands have completed tests to learn more about the ...

US spy agency patents car seat for kids

10 hours ago

Electronic eavesdropping is the National Security Agency's forte, but it seems it also has a special interest in children's car seats, Foreign Policy magazine reported Wednesday.

User comments : 0