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: ARM set to improve battery life for Internet of Things devices

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

IBM earnings dip as sales fall again

8 hours ago

Technology heavyweight IBM reported Monday lower profits in the first quarter following another drop in revenues, this time partly due to the strong dollar.

Twitter expands privacy on direct messages

10 hours ago

Twitter said Monday it was making it easier to take direct messages private, carving out a bigger space for targeted exchanges on the popular microblogging service.

Innovation boosts Wi-Fi bandwidth tenfold

13 hours ago

Researchers at Oregon State University have invented a new technology that can increase the bandwidth of WiFi systems by 10 times, using LED lights to transmit information.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.