Electronics Production | November 19, 2009
Infineon reports revenue increase of 12% in 4Q (Q-o-Q)
Infineon’s revenues in the fourth quarter were €855 million, a strong increase of 12% compared to the third quarter, but a decline of 18% year-over-year.
Infineon’s 4Q combined Segment Result was €52 million, a significant improvement compared to break-even combined Segment Result in the 3Q. Income from continuing operations increased to €24 million, up from a loss from continuing operations of €26 million in the prior quarter. Net income was also positive at €14 million compared to a net loss of €23 million in the 3Q. For the fourth quarter, Infineon’s free cash flow from continuing operations was €151 million, compared to free cash flow from continuing operations of €143 million in the third quarter. This image has a zoom-function. Fourth quarter combined Segment Result of €52 million improved significantly compared with break-even combined Segment Result in the 3Q. All of the company’s four operating segments achieved positive Segment Result. Higher sales levels, continued tight cost control, and higher factory loading were the main drivers of the earnings improvement, which were, however, partially offset by the weaker U.S. dollar against the Euro. Net income was €14 million in the 4Q, a strong improvement from the net loss of €23 million in the prior quarter.