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Infineon Technologies Announces Financial Results for Fiscal Year 2024

Latest update time:2024-11-12
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Infineon Technologies AG today announced its financial results for the fourth quarter and the full fiscal year 2024 (ending September 30, 2024).


Infineon's revenue and profits both increased in the fourth quarter of fiscal 2024; the market was weak in fiscal 2025 and expectations were lowered.



Fourth quarter of fiscal year 2024: revenue was 3.919 billion euros, profit reached 832 million euros, and profit margin was 21.2%.



Fiscal year 2024: revenue of 14.955 billion euros, down 8% year-on-year; profit of 3.105 billion euros; profit margin of 20.8%; adjusted earnings per share of 1.87 euros; free cash flow of 23 million euros, and adjusted free cash flow of 1.690 billion euros.

Dividend proposal for fiscal year 2024: The dividend remains unchanged at EUR 0.35 per share.



Outlook for the first quarter of fiscal year 2025: Assuming the EUR/USD exchange rate is 1:1.10, revenue is expected to be approximately 3.2 billion euros. On this basis, the profit margin is expected to be around 14%~16%.

Outlook for fiscal year 2025: Assuming an exchange rate of EUR/USD of 1:1.10, revenue is expected to be slightly lower than the previous fiscal year. Adjusted gross margin is expected to be around 40%, with a profit margin of 14% to 19%. Investment is expected to be approximately EUR 2.5 billion. Taking into account investments in front-end plants, adjusted free cash flow is approximately EUR 1.7 billion and reported free cash flow is approximately EUR 900 million.





Jochen Hanebeck

CEO, Infineon Technologies

Infineon Technologies is performing well in fiscal 2024 and is in line with expectations. Currently, our end markets are experiencing weak growth, with the exception of the field of artificial intelligence, and the cyclical recovery is delayed. Inventory adjustments are still ongoing. Short-term ordering patterns and inventory digestion make visibility into demand trends in the coming quarters unclear. We are therefore preparing for slower business growth in fiscal 2025. At the same time, we will strengthen our competitiveness by continuously implementing the structural measures in the 'Step Up' program. Combined with Infineon's innovative strength, we are responding to the drivers of structural growth in preparation in order to be in the best position for future economic recovery trends.





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