Infineon Technologies AG / Quarter Results
25.06.2009
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Infineon Technologies raises guidance for third quarter financials
Neubiberg, Germany - June 25, 2009 - Infineon Technologies today raised the
guidance for the third quarter of the 2009 fiscal year.
For the current third quarter of the 2009 fiscal year Infineon now expects
a Combined Segment Result approaching break-even with revenues increasing
by a low-teens percentage sequentially. In addition, Infineon anticipates
free cash flow to be clearly positive and foresees a gross cash position
approaching Euro 850 million for the end of the quarter.
When the company originally provided the market with an outlook for the
third quarter of the 2009 fiscal year on 30 April 2009, Infineon expected
revenues to increase by about 10 percent sequentially with a negative mid
to high single digit Segment Result margin.
D I S C L A I M E R
This press release includes forward-looking statements about the future of
Infineon's business and the industry in which we operate, including the
company's expectations for results in the current quarter.
These forward-looking statements are subject to a number of uncertainties,
including broader economic developments (including the pace and timing of
any stabilization or improvement in the global economy); trends in demand
and prices for semiconductors generally and for our products in particular,
as well as for the end-products, such as automobiles and consumer
electronics, that incorporate our products; our ability to manage our costs
and to achieve our savings and growth targets; the success of our
development efforts, both alone and with partners; the success of our
efforts to introduce new production processes at our facilities; the
actions of competitors; the availability of funds, including for the
re-financing of our indebtedness; the outcome of antitrust investigations
and litigation matters; and the outcome of Qimonda's insolvency
proceedings; as well as the other factors mentioned in this press release
and those described in Infineon's SEC reports, including the 'Risk Factors'
section of the annual report of Infineon on Form 20-F filed on December 29,
2008.
As a result, Infineon's actual results could differ materially from those
contained in these forward-looking statements. You are cautioned not to
place undue reliance on these forward-looking statements.
Infineon does not undertake any obligation to publicly update or revise any
forward-looking statements in light of developments which differ from those
anticipated.
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Information and Explaination of the Issuer to this News:
'Despite the adverse overall economic climate and the difficult
semiconductor market environment, our Combined Segment Result should
approach break-even. This improvement along with the favorable liquidity
development are impressive evidence for the success of our operative
performance, cost reduction and cash preservation measures', said Peter
Bauer, CEO of Infineon Technologies AG.
About Infineon
Infineon Technologies AG, Neubiberg, Germany, offers semiconductor and
system solutions addressing three central challenges to modern society:
energy efficiency, communications, and security. In the 2008 fiscal year
(ending September), the company reported sales of Euro 4.3 billion with
approximately 29,100 employees worldwide in continuing operations. With a
global presence, Infineon operates through its subsidiaries in the U.S.
from Milpitas, CA, in the Asia-Pacific region from Singapore, and in Japan
from Tokyo. Infineon is listed on the Frankfurt Stock Exchange (ticker
symbol: IFX) and in the USA on the over-the-counter market OTCQX
International Premier (ticker symbol: IFNNY).
Further information is available at www.infineon.com.
This news release is available online at www.infineon.com/press/
Contact:
Investor Relations, Tel.: +49 89 234-26655, Fax: +49 89 234-9552987
DGAP 25.06.2009
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Language: English
Issuer: Infineon Technologies AG
Am Campeon 1-12
85579 Neubiberg
Deutschland
Phone: +49 (0)89 234-26655
Fax: +49 (0)89 234-955 2987
E-mail: investor.relations@infineon.com
Internet: www.infineon.com
ISIN: DE0006231004
WKN: 623100
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, Düsseldorf, Stuttgart, München, Hamburg;
Terminbörse EUREX
End of News DGAP News-Service
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DGAP-Adhoc: Infineon Technologies raises guidance for third quarter financials
| Source: EQS Group AG