NEUBIBERG, GERMANY: Infineon Technologies AG today raised the guidance for the first quarter of the 2009/10 fiscal year.
For the first quarter of the 2009/10 fiscal year Infineon now expects high single digit growth in group revenues compared to the fourth quarter of the 2008/09 fiscal year and high single digit margin for the Combined Segment Result. This increase is mainly driven by the Automotive (ATV) and Industrial & Multimarket (IMM) segments.
In the previous outlook for the first quarter of the 2009/10 fiscal year as given on November 19, 2009, Infineon expected revenues and Combined Segment Result to be approximately on the same level as in the fourth quarter of the 2008/09 fiscal year.
“This pleasing performance is the result of our leading market positions and strict cost management, helped also by an improved industry environment”, said Peter Bauer, CEO of Infineon Technologies AG.
Tuesday, December 22, 2009
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