Infineon Technologies
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.
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
