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Neubiberg (dpa) - The chip manufacturer Infineon is again somewhat more optimistic after good business in the second quarter (end of March).
For the current 2020/2021 financial year, the Dax group now expects a sales volume of around 11.0 billion euros and thus slightly more than last targeted in February, as Infineon announced on Tuesday in Neubiberg near Munich.
The planned investments should continue to be around 1.6 billion euros.
“The semiconductor market is booming, electronics to accelerate the energy transition and for work and life at home remain in great demand.
The surge in digitization continues, »said CEO Reinhard Ploss.
Infineon is right on course on the way to its goals for the fiscal year.
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In the second quarter of the business year, sales increased by 3 percent to 2.7 billion euros compared to the previous quarter.
Infineon made clear gains, especially in the important automotive business.
The development of demand was also less positive in the PSS division, in which, among other things, the business with chips for power supply and mobile devices is bundled.
The operating result in the second quarter of the business year was 470 million euros, however, 4 percent below the previous year's figure.
The bottom line was a consolidated profit of 203 million euros after 256 million euros a quarter earlier.
© dpa-infocom, dpa: 210504-99-457900 / 2
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