Outlook for Full Fiscal Year Raised

Infineon Technologies speaks of a successful start into the 2022 financial year, revenue and operating result have improved, consequently: the company raises its annual forecast, but also warns that the supply situation will remain problematic.

»Infineon has made a successful start into the 2022 fiscal year. We were able to significantly increase both our revenue and our Segment Result further,« said Dr. Reinhard Ploss, CEO of Infineon. »Demand for our products and solutions remains very strong. Utilization of our manufacturing capacities is very high and we are expanding them step by step. This will help us improve the availability of products that we manufacture in-house over the course of the year. Overall, demand for semiconductors is outstripping supply by far. Electrification and digitalization continue to drive substantial growth in our target markets. We expect the supply situation in some application areas to remain tight well into the current calendar year.«

Revenue in the first quarter of the 2022 financial year amounted to €3.159 billion, an increase of 5 per cent compared to the previous quarter and a growth of 20 per cent compared to the same quarter of the previous year. Segment Result was €717 million; Segment Result Margin 22.7 percent; Free Cash Flow €378 million.

For the second quarter, the company expects revenue of around €3.2 billion, based on an assumed EUR/USD exchange rate of 1.15. On this basis, Segment Result Margin likely to come in at around 22 percent.

Outlook for FY 2022: Based on an assumed exchange rate of US$1.15 to the euro (previously US$1.20), revenue of €13.0 billion, plus or minus €500 million, now forecast for 2022 fiscal year. At mid-point of guided revenue range, Segment Result Margin of about 22 percent predicted. Investments at about €2.4 billion planned. Free Cash Flow expected to reach about €1 billion