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INFINEON TECHNOLOGIES AG

(IFX)
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Infineon Technologies 2Q Net Profit Rose; Raises Fiscal Year 2021 Outlook

05/04/2021 | 02:05am EDT

By Mauro Orru

Infineon Technologies AG said Tuesday that net profit and revenue for the second quarter of fiscal 2021 increased as demand for semiconductors continues to exceed supply.

The German chip maker said net profit for the three months ended March 31 rose to 203 million euros ($244.9 million) from EUR178 million a year earlier.

Revenue for the quarter climbed to EUR2.70 billion from EUR1.99 billion.

The company's segment result--a closely watched metric comparable to adjusted earnings before interest and taxes--rose to EUR470 million from EUR274 million, with its segment result margin, or adjusted EBIT margin, increasing to 17.4% from 13.8%.

Infineon in February had guided for second-quarter revenue of between EUR2.5 billion and EUR2.8 billion, with adjusted EBIT margin at around 16.5% at the mid-point.

"The semiconductor market is booming; electronics that help accelerate the energy transition and make work and home life easier remain in high demand," Chief Executive Reinhard Ploss said.

The company said it expects revenue for the third quarter of fiscal 2021 at between EUR2.6 billion and EUR2.9 billion, with adjusted EBIT margin at around 18% at the mid-point.

Infineon also raised its guidance for the fiscal year, expecting revenue at around EUR11 billion, plus or minus 3%, and an adjusted EBIT margin of about 18%.

It previously expected revenue of around EUR10.8 billion, plus or minus 5%, and an adjusted EBIT margin at about 17.5% at the mid-point.

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

(END) Dow Jones Newswires

05-04-21 0204ET

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Financials
Sales 2021 10 974 M 13 343 M 13 343 M
Net income 2021 1 042 M 1 266 M 1 266 M
Net Debt 2021 3 387 M 4 118 M 4 118 M
P/E ratio 2021 40,7x
Yield 2021 0,80%
Capitalization 42 293 M 51 401 M 51 422 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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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
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