BERLIN (Reuters) -German chipmaker Infineon said on Tuesday that it expected "subdued" performance in 2025, citing weak demand in its end markets.
"With the exception of artificial intelligence, our end markets are currently offering hardly any growth impetus and the cyclical recovery is delayed," said CEO Jochen Hanebeck. "We are therefore preparing for a subdued business performance in 2025."
The company warned of a slight revenue decline in the current financial year, after revenue fell by 8% to 14.96 billion euros ($15.90 billion) in 2023-24.
In August, Infineon narrowed its annual revenue guidance to around 15 billion euros, having already twice lowered it.
The segment result margin - management's preferred measure of operating profitability - is expected to deteriorate from 20.8% to between 15% and just below 20% in 2025, according to a statement.
Infineon posted fourth-quarter revenue of 3.919 billion euros, broadly in line with the 4 billion forecast in a company-provided consensus.
($1 = 0.9407 euros)
(Reporting by Hakan Ersen, Writing by Friederike Heine, Editing by Rachel More)