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Infineon: Structural growth drives excellent start to the new fiscal year

Infineon Technologies AG today reported results for the first quarter of the 2017 fiscal year (period ended December 31, 2016). “We had a good start into the new fiscal year,” stated Dr. Reinhard Ploss, CEO of Infineon. “In the first quarter revenue and earnings were better than expected, driven in particular by strong demand for … Continued

Infineon Technologies AG today reported results for the first quarter of the 2017 fiscal year (period ended December 31, 2016).

“We had a good start into the new fiscal year,” stated Dr. Reinhard Ploss, CEO of Infineon. “In the first quarter revenue and earnings were better than expected, driven in particular by strong demand for our components for automotive electronics and MOSFET power transistors. We expect to achieve further growth in our markets during the coming months and, based on the long-term trends, also remain optimistic about the future. We confirm our forecast for the current fiscal year: higher revenue, earnings and margin.”

For the full version of this news release (incl. financial data), please download the PDF version.

https://www.automotiveworld.com/news-releases/infineon-structural-growth-drives-excellent-start-new-fiscal-year/

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