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

US urged to drop India WTO case on solar

6 hours ago

Environmentalists Wednesday urged the United States to drop plans to haul India to the WTO to open its solar market, saying the action would hurt the fight against climate change.

User comments : 0

More news stories

Is nuclear power the only way to avoid geoengineering?

"I think one can argue that if we were to follow a strong nuclear energy pathway—as well as doing everything else that we can—then we can solve the climate problem without doing geoengineering." So says Tom Wigley, one ...

US urged to drop India WTO case on solar

Environmentalists Wednesday urged the United States to drop plans to haul India to the WTO to open its solar market, saying the action would hurt the fight against climate change.