German chip-maker Infineon sees growth after solid Q4

German semiconductors giant Infineon said Thursday it will pay an increased dividend for the year to September and forecasts further sales growth after a solid fourth quarter.

Infineon, which runs its business year from October to September, said in a statement that its rose by 27 percent to 181 million euros ($226 million) in the fourth quarter.

Fourth-quarter sales were up 12 percent at 1.175 billion euros.

Chief executive Reinhard Ploss said the group had been "well prepared to handle steeply rising demand from our customers and therefore always able to deliver reliably. Revenue, earnings and margin all saw solid increases, in line with our expectations."

As a result, shareholders would "participate in this success and we are therefore proposing a of 0.18 euros per share," Ploss said.

"Despite a challenging , we plan to continue growing in the current 2015 fiscal year," he continued.

"For the 2015 fiscal year, based on an assumed exchange rate of $1.30 to the euro, Infineon forecasts a year-on-year growth in of 8 percent, plus or minus 2 percentage points," Ploss said.


Explore further

German chip maker Infineon meets full-year targets

© 2014 AFP

Citation: German chip-maker Infineon sees growth after solid Q4 (2014, November 27) retrieved 24 June 2019 from https://phys.org/news/2014-11-german-chip-maker-infineon-growth-solid.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
0 shares

Feedback to editors

User comments

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