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MarketScreener Homepage  >  Equities  >  Xetra  >  Infineon Technologies AG    IFX   DE0006231004

INFINEON TECHNOLOGIES AG

(IFX)
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Infineon Technologies : 1Q Net Profit, Revenue Fell

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02/05/2020 | 02:14am EDT

By Mauro Orru

Infineon Technologies AG (IFX.XE) said Wednesday that net profit and revenue for the first quarter of its fiscal year fell amid a difficult environment.

The German chip maker said net profit for the quarter ended Dec. 31 fell to 210 million euros ($232 million) from EUR254 million in the first quarter last year, while revenue decreased to EUR1.92 billion from EUR1.97 billion.

Infineon said in November 2019 that it expected revenue to drop roughly 7% year-on-year in the first quarter.

"Under difficult conditions, revenue fell in line with expectations," said Chief Executive Reinhard Ploss, adding that "we do not expect to see a broad based recovery of demand before the second half of the fiscal year."

The company reported a gross margin of 37% for the quarter, down from 39.5% for the same period last year, while its closely watched segment result margin fell to 15.5% from 18.2% last year.

Infineon said it continues to expect year-on-year revenue growth of 5% for 2020, plus or minus 2%, with a segment result margin of about 16%.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

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Financials (EUR)
Sales 2020 7 852 M
EBIT 2020 1 001 M
Net income 2020 704 M
Finance 2020 2 800 M
Yield 2020 1,64%
P/E ratio 2020 27,9x
P/E ratio 2021 19,1x
EV / Sales2020 2,15x
EV / Sales2021 1,89x
Capitalization 19 670 M
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 19,93  €
Last Close Price 15,80  €
Spread / Highest target 89,9%
Spread / Average Target 26,1%
Spread / Lowest Target -50,6%
EPS Revisions
Managers
NameTitle
Reinhard Ploss Chief Executive Officer
Wolfgang Eder Chairman-Supervisory Board
Jochen Hanebeck Chief Operating Officer
Sven Schneider Chief Financial Officer
Renate Köcher Member-Supervisory Board
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