Infineon Technologies AG

ots Ad hoc-Service: Infineon Technologies AG Infineon Reports Record Third Quarter and Nine Months Results

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    MÜnchen (ots Ad hoc-Service) -      

    Third quarter ended June 30

    Infineon Technologies's (FSE/NYSE: IFX) revenues in the third quarter rose to Euro 1.83 billion, a 19 percent increase over the previous quarter and a 67 percent increase over the third quarter of 1999. The significant revenue growth was driven by strong demand across all segments especially in communication and memory products.

    EBIT for the third quarter was up 45 percent from the second quarter to Euro 366 million, an increase of Euro 352 million from the third quarter of 1999. Infineon's strong performance was driven by improved pricing and increased output, which was provided by capacity additions and significant productivity gains.

    Net income increased to Euro 266 million, up 82 percent from Euro 146 million in the second quarter and an improvement of Euro 235 million over the third quarter of 1999. Based on the weighted average number of shares outstanding, basic earnings per share for the third quarter amounted to Euro 0.43, as compared to Euro 0.24 last quarter and Euro 0.05 for the same period last year.

    Nine months ended June 30

    In the first nine months of the fiscal year 2000, revenues increased to Euro 4.9 billion, up 68 percent compared to the same period last year; this figure already exceeds total revenues for the entire fiscal year 1999 by Euro 670 million.

    Year-to-date EBIT totaled Euro 863 million compared to a loss of Euro 32 million for the same period last year. Net income increased by Euro 520 million to Euro 545 million. Based on the weighted average of shares outstanding, earnings per share for the first nine months amounted to Euro 0.89, as compared to Euro 0.04 over the same period last year.


    Infineon expects its capital expenditures for this fiscal year (ended September 30) to be about 25 percent of revenues; this should increase to around 30 percent in the next fiscal year to take full advantage of the continuing growth dynamic of the semiconductor market.

    Increasing memory prices as well as productivity gains are likely to lead to an improved fourth quarter in comparison to the third quarter 2000.

    On the revenue side, Infineon is well positioned to grow faster than the market in both fiscal year 2000 and 2001. The World Semiconductor Trade Statistics forecasts revenue growth of over 20 percent for the worldwide semiconductor industry in 2001.

    Further information at

    "Safe Harbor" Statement: ------------------------

    This discussion includes forward-looking statements about our future business. 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 receipt of all necessary approvals for our planned transactions, 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.

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