Infineon Technologies expects strong growth in FY 2018, accelerating growth momentum dampened by weaker dollar
Infineon Technologies in its latest fourth quarter and 2017 fiscal year results shared that the company has underwent lower revenue in this very fiscal year compared to Q3 FY 2017. The German semiconductor giant in its official release noted that lower revenue was due to weaker US dollar.
The preliminary results for the fourth quarter and the 2017 fiscal year of Infineon both ended 30 September 2017.
Infineon also shared their outlook for Q1 FY 2018, which foresee Quarter-on-quarter revenue decrease of 2 percent (plus or minus 2 percentage points) due to seasonality and segment Result Margin of 15 percent at mid-point of revenue guidance
Whereas the copany in its complete FY 2018 reckon revenue growth of about 9 percent (plus or minus 2 percentage points) and Segment Result Margin of 17 percent at mid-point of revenue guidance.
Sharing his views on the development, Dr. Reinhard Ploss, CEO of Infineon, stated, “Infineon continues to grow. We raised the outlook for the full fiscal year in March 2017 and achieved the higher targets, despite stronger headwinds caused by the weaker US dollar.” “Our growth is very broadly based. Alongside electro-mobility, driver assistance systems and renewable energy, a further pillar of growth is our industrial business – including drives for increasingly automated production machinery and robotics. Demand is also strong for our highly efficient chips, by example for fast chargers for tablets. With future technologies such as silicon carbide and gallium nitride, we are paving the way for tomorrow’s success. Adjusted for exchange rate effects, our growth rate in the 2018 fiscal year could even reach the double-digit mark.”