Infineon reports good results for 2016 driven by autonomous driving and renewables
Infineon releases its 2016 results and celebrates a bouyant fiscal year.
"Infineon has completed another successful fiscal year "“ with above-average revenue growth and a respectable improvement in earnings", stated Dr. Reinhard Ploss, CEO of Infineon. "We are strategically well positioned with our solutions for electro-mobility, autonomous driving, renewable energy generation and the efficient use of electric power. Infineon will again grow faster than the market in the current fiscal year."
Infineon has benefited particularly from the growing need for solutions that help reduce CO2 emissions.
Dr. Reinhard Ploss: "Due to growing demand for power semiconductors, we will have reached a level of capacity utilization in our 300-millimeter manufacturing facilities by the end of 2017 that will allow us to begin to reap the benefits of our investment in this future-oriented technology. In light of improved productivity, efficiency benefits accruing from the integration of International Rectifier and a strong US dollar, we are raising our target for the Segment Result Margin to 17 percent over the economic cycle."
Outlook for the 2017 fiscal year
Infineon expects revenue growth in the 2017 fiscal year of around 6 percent (plus or minus 2 percentage points) and a Segment Result Margin of 16 percent at the mid-point of the forecast revenue range. The Automotive segment is expected to grow at a substantially faster rate than the Group average. Growth in the Industrial Power Control segment is forecast to be roughly in line with or slightly above the Group average. The Power Management & Multimarket and Chip Card & Security segments are both expected to report growth rates below the Group average.
