Infineon highlights ‘uncertain’ outlook
Announcing 'flat' revenue for the third quarter of its 2012 financial year, Infineon has warned that 'global uncertainty' is likely to affect its fourth quarter performance.
Revenues of €990million were recorded for the three months ending 30 June 2012; a slight drop on the previous period and 5% less than Q3 2011. Income was said to be €80m.
According to Peter Bauer, Infineon's ceo: "Growth and margin are currently below plan, reflecting global uncertainties. The underlying trends for energy efficiency, mobility and security business nevertheless remain positive."
Revenue from automotive customers reached a new high of €428m, boosted by 'strong demand' from German and Korean manufacturers.
Looking forward, Infineon says full year revenues are likely to be around 3% less than those of 2011, reflecting lower demand from the industrial power control and power management and multimarket segments.
Showing an amber light, Infineon's management board has frozen employment and noted that investments planned for next year are to be 'reduced sharply'.
