Infineon fires on all cylinders
Semiconductor products for the automotive industry accounted for almost half of Infineon’s entire sales. With €510 million, this segment contributed 46% to the sales volume of €1.11 billion and 41% to the total segment result of €170 million.
While Automotive continues to be the strongest segment for the chipmaker, sales and profit in the company’s Industrial Power Control (IPC) segment grew faster in terms of revenue (+16%) and profit (+202 %). The Power Management and Multimarket (PMM) as well as the Chip Card & Security (CCS) segments both exhibited single-digit growth and were profitable .
For the quarter ahead, Infineon CEO Reinhard Ploss expects the party to continue. He slightly raised his revenue expectations for FY2014 to 7 to 11%; the margin is expected to come in at 11 to 14%. Ploss expects the sales in the IPC segment to climb significantly faster than the company average; automotive will show growth slightly faster than the average.
Related articles and links
Automotive, Industrial Power once again drive Infineon’s sales
Is Infineon really back on track?
If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :
