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INFINEON TECHNOLOGIES AG

(IFX)
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Infineon Assumes EUR/USD at 1.20 for Fiscal Year -- Currency Comment

05/04/2021 | 02:10am EDT

By Mauro Orru

Infineon Technologies AG assumes the euro will average $1.20 against the dollar within its guidance for the third quarter and the full fiscal year ending in September.

The German chip maker's prediction is the same as it was for the second quarter and assumes that the euro won't stray too far from current levels. The euro last trades at $1.2014.

The assumption of $1.20 is higher than the $1.18 estimated by peer chip maker STMicroelectronics NV last week when it issued guidance for its second quarter which ends on July 3.

Infineon expects revenue for its third quarter ending June 30 to be between EUR2.6 billion and EUR2.9 billion, with a segment result margin--a closely watched metric comparable to adjusted earnings before interest and taxes margin--at around 18% at the mid-point.

For the fiscal year ending Sept. 30, it expects revenue at around EUR11 billion, plus or minus 3%, and an adjusted EBIT margin of about 18%.

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

(END) Dow Jones Newswires

05-04-21 0410ET

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Financials
Sales 2021 10 974 M 13 336 M 13 336 M
Net income 2021 1 042 M 1 266 M 1 266 M
Net Debt 2021 3 387 M 4 116 M 4 116 M
P/E ratio 2021 40,7x
Yield 2021 0,80%
Capitalization 42 293 M 51 401 M 51 396 M
EV / Sales 2021 4,16x
EV / Sales 2022 3,72x
Nbr of Employees 48 150
Free-Float 99,6%
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Technical analysis trends INFINEON TECHNOLOGIES AG
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 27
Average target price 39,85 €
Last Close Price 32,50 €
Spread / Highest target 41,5%
Spread / Average Target 22,6%
Spread / Lowest Target -14,2%
EPS Revisions
Managers and Directors
NameTitle
Reinhard Ploss Chief Executive Officer
Sven Schneider Chief Financial Officer
Wolfgang Eder Chairman-Supervisory Board
Jochen Hanebeck Chief Operating Officer
Manfred Puffer Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
INFINEON TECHNOLOGIES AG3.54%51 401
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TEXAS INSTRUMENTS14.40%173 401