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Infineon performs well in challenging market environment—revenue and earnings meet expectations

Outlook for FY 2019 confirmed: revenue of €8 billion with a segment result margin of 16 percent

Infineon Technologies AG is today reporting results for the third quarter of the 2019 fiscal year (period ended 30 June 2019).

“Infineon remains on course. Although the global economy remains sluggish, Group revenue again grew in the third quarter,” stated Dr. Reinhard Ploss, CEO of Infineon. “Demand was solid overall, despite the lack of significant growth momentum. Regardless of the ongoing unfavorable macroeconomic conditions, we still expect to achieve our targets for the current fiscal year. The underlying drivers of our future markets are very much intact and continue to provide good long-term growth prospects to Infineon.”

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SOURCE: Infineon

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