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ots Ad hoc-Service: Infineon Technologies AG
Infineon Reports Record Fiscal Year 2000 and Fourth Quarter Results
Ad hoc-announcement edited and sent by DGAP. The sender is solely responsible for the contents of this announcement. ----------------------------------------------------- München (ots Ad hoc-Service) - Fiscal Year 2000 (October 1, 1999 to September 30, 2000) The semiconductor manufacturing group Infineon Technologies announced results for fiscal year 2000 (ending in September). Revenues rised to Euro 7.28 bn, an increase of 72% from Euro 4.24 bn in the previous fiscal year. Revenue growth was driven by strong demand in all of Infineon's business groups, especially in communications and memory products, supported by increased manufacturing capacity. Infineon's gross margin improved from 29% to 44% year over year. EBIT (earnings before interest and tax) increased to Euro 1.67 bn. Infineon's strong earnings were based on significant productivity gains and margin improvements in all segments. Infineon achieved a record net income of Euro 1.13 bn, an increase of more than Euro 1 bn over last year's Euro 61 mio Earnings per share (basic and diluted) for the fiscal year improved to Euro 1.83 as compared with Euro 0.10 last year. 4th Quarter 2000 (July 1 to September 30, 2000) The fourth quarter was Infineon's strongest in the 2000 fiscal year. Revenues in fourth quarter rose to Euro 2.38 bn, a 30% increase over the previous quarter and an 82% increase compared with the fourth quarter of 1999. Gross margin increased to 53 % of total revenues, up 12% from the third quarter and 23% from last year's fourth quarter. EBIT for the fourth quarter was Euro 807 mio, an increase of 120% compared with the third quarter and up Euro 788 mio from Euro 19 mio over last year's fourth quarter. Net income rose significantly to Euro 581 mio, up 118% from the third quarter of fiscal 2000 and up Euro 545 mio from the fourth quarter of fiscal 1999. Earnings per share (basic and diluted) improved to Euro 0.93, compared with Euro 0.06 for the fourth quarter of fiscal 1999 and Euro 0.43 for the third quarter 2000. Outlook Fiscal Year 2001 The worldwide semiconductor market is expected to grow 27% in the 2001 calender year according to Dataquest. Infineon expects to grow significantly above the industry average. For the fiscal year 2001, the company expects to further improve its EBIT margin throughout its communications businesses through the continued strengthening of its product mix and through the booking of first revenues from new solutions for markets such as Bluetooth, VDSL, Gigabit Ethernet and Optical Networking. Due to the current uncertainties in the worldwide PC markets, Infineon expects weaker demand and consequently lower prices in its memory business in the first quarter of fiscal year 2001, which is the last quarter of the calendar year 2000. The full fiscal year outlook remains positive for the memory products group; it is anticipated that the market will recover at the latest in the second half of fiscal year 2001, which corresponds to the second and third quarter of the calendar year 2001, based on the industry's limited capacity expansion not being able to satisfy demand. Infineon already has a strong technology leadership position in the 128- and 256-Megabit DRAM segments and will further accelerate its transition to the less volatile and faster growing markets for server and networking applications. Under current market conditions, capital expenditures in 2001 are expected to be around 30% of revenues. This level of capital expenditure will help address expected capacity constraints. --------------------------------------------------------------------- Further information will be available on our website www.infineon.com from today (Tuesday, November 7) circa at 12:30 pm (CET). This information includes forward-looking statements about our future business. These forward-looking statements include statements relating to future developments of the world semiconductor market, the relative market position and technology ability of Infineon and its business groups, Infineon's future growth, the anticipated production activities at Dresden and other facilities, the benefits of research and development alliances and activities, our planned levels of future investment in the expansion and modernization of our production capacity, the introduction of new technology at our Dresden facility, the transitioning of our production processes to smaller structures, cost savings related to such transitioning and other initiatives, our successful development of technology based on industry standards, our ability to offer commercially viable products based on our technology, our ability to achieve our growth targets, and the continuation of current developments in our financial results in the 2001 financial year. These forward-looking statements are subject to a number of uncertainties, including trends in demand and prices for semiconductors generally and for our products in particular, the success of our development efforts, both alone and with our partners, the success of our efforts to introduce new production processes at our facilities and the actions of our competitors, the availability of funds for planned expansion efforts, as well as the other factors mentioned herein. As a result, our actual results could differ materially from those contained in the forward-looking statements. End of Message ----------------------------------------------------- Internet: http://recherche.newsaktuell.de Original-Content von: Infineon Technologies AG, übermittelt durch news aktuell