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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

PRESS RELEASE: Infineon Technologies AG: POSITIVE -2-

05/04/2021 | 01:32am EDT

Investments in property, plant and equipment, intangible assets and capitalized development costs for the 2021 fiscal year are forecast at an unchanged level of around EUR1.6 billion. Also unchanged, depreciation and amortization are expected to amount to between EUR1.5 billion and EUR1.6 billion, of which approximately EUR500 million is attributable to depreciation and amortization from purchase price allocations arising mainly in connection with the acquisition of Cypress and to a lesser extent with the acquisition of International Rectifier. In light of strong business performance, free cash flow is now expected to exceed EUR1.2 billion, compared with the previous forecast of more than EUR800 million.

Besides geopolitical and macroeconomic factors, the economic disruption caused by the coronavirus pandemic makes accurate prediction difficult. Key factors influencing the expected development of revenue and earnings during the pandemic will be the progression of global infection rates over time, the progress of vaccination campaigns, possible restrictions on economic activities, effects on production and supply chains and the level and effectiveness of governmental stimulus programs.

^3 Adjusted net income and adjusted earnings per share (diluted) should not be seen as a replacement or superior performance indicator, but rather as additional information to the net income and earnings per share (diluted) determined in accordance with IFRS.

Infineon's segments' performance in the second quarter of the 2021 fiscal year can be found in the quarterly information at www.infineon.com.

All figures in this quarterly information are preliminary and unaudited.

ANALYST TELEPHONE CONFERENCE AND TELEPHONE PRESS CONFERENCE The Management Board of Infineon will host a telephone conference call including a webcast for analysts and investors (in English only) on 4 May 2021 at 9:30 am (CEST), 3:30 am (EDT). During the call, the Infineon Management Board will present the Company's results for the second quarter of the 2021 fiscal year as well as the outlook for the third quarter and the 2021 fiscal year. In addition, the Management Board will host a telephone press conference with the media at 11:00 am (CEST), 5:00 am (EDT). It can be followed over the Internet in both English and German. Both conferences will also be available live and for download on Infineon's website at www.infineon.com/investor.

The Q2 Investor Presentation is available (in English only) at: https://www.infineon.com/cms/en/about-infineon/investor/reports-and-presentations/ INFINEON FINANCIAL CALENDAR (* preliminary)

- 6 May 2021 IPC Business Update Call along with PCIM trade show, Nuremberg (virtual)

- 19 May 2021 Berenberg US Conference, Tarrytown (virtual)

- 25 May 2021 3^rd Annual Mizuho Auto Technology Seminar, New York (virtual)

- 26 May 2021 Equita 16^th European Conference, Milan (virtual)

- 27 May 2021 JPMorgan European TMT Conference, London (virtual)

- 1 Jun 2021 Cowen TMT Conference, New York (virtual)

- 8 - 9 Jun 2021 23^rd Exane BNP Paribas European CEO Conference, Paris (virtual)

- 10 Jun 2021 Bank of America Global Technology Conference, San Francisco (virtual)

- 16 Jun 2021 dbAccess Berlin Conference, Berlin (virtual)

- 17 Jun 2021 GS European Digital Economy Conference (virtual)

- 1 Jul 2021 PSS Business Update Call along with MWC trade show, Barcelona (virtual)

- 3 Aug 2021* Earnings Release for the Third Quarter of the 2021 Fiscal Year

- 1 Sep 2021 Jefferies Annual Semiconductor Conference, Chicago (virtual)

- 2 Sep 2021 Commerzbank Corporate Conference, Frankfurt (virtual)

- 2 Sep 2021 dbAccess European TMT Conference, London (virtual)

- 4 / 5 Oct 2021 Infineon CMD "IFX Day 2021", London // virtual

ABOUT INFINEON Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon are the key to a better future. In the 2020 fiscal year (ending 30 September), Infineon reported revenue of more than EUR8.5 billion with a workforce of some 46,700 people worldwide. Following the acquisition of the US company Cypress Semiconductor Corporation in April 2020, Infineon is now a global top 10 semiconductor company.

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 press release is available online at www.infineon.com/press

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D I S C L A I M E R This press release contains forward-looking statements about the business, financial condition and earnings performance of the Infineon Group.

These statements are based on assumptions and projections resting upon currently available information and present estimates. They are subject to a multitude of uncertainties and risks. Actual business development may therefore differ materially from what has been expected.

Beyond disclosure requirements stipulated by law, Infineon does not undertake any obligation to update forward-looking statements.

Due to rounding, numbers presented throughout this press release and other reports may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures. Contact: Bernd Hops, Media Relations, phone: +49 89 234 23888 -----------------------------------------------------------------------------------------------------------------------

2021-05-04 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de -----------------------------------------------------------------------------------------------------------------------

Language:     English 
Company:      Infineon Technologies AG 
              Am Campeon 1-15 
              85579 Neubiberg 
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:      DAX, TecDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1191881 
End of News   DGAP News Service 

1191881 2021-05-04

Image link: 

(END) Dow Jones Newswires

May 04, 2021 01:31 ET (05:31 GMT)

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Sales 2021 10 994 M 13 353 M 13 353 M
Net income 2021 1 064 M 1 292 M 1 292 M
Net Debt 2021 3 350 M 4 069 M 4 069 M
P/E ratio 2021 39,2x
Yield 2021 0,82%
Capitalization 41 148 M 49 942 M 49 974 M
EV / Sales 2021 4,05x
EV / Sales 2022 3,62x
Nbr of Employees 48 150
Free-Float 99,6%
Duration : Period :
Infineon Technologies AG Technical Analysis Chart | MarketScreener
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Technical analysis trends INFINEON TECHNOLOGIES AG
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 27
Average target price 39,85 €
Last Close Price 31,62 €
Spread / Highest target 45,5%
Spread / Average Target 26,0%
Spread / Lowest Target -11,8%
EPS Revisions
Managers and Directors
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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