25/11/2022
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After a record 2022 fiscal year, Infineon significantly increases its long-term financial targets, and is planning a major investment in a new factory in Dresden; positive outlook for 2023Nov 14, 2022 | Quarterly Report
Nov 14, 2022 | Quarterly Report
For the full version of this news release (incl. financial data), please download the PDF version.
- Future target operating model: More than 10 percent revenue growth (previously 9 percent +), 25 percent Segment Result Margin (previously 19 percent), 10 to 15 percent adjusted Free Cash Flow of revenue, in each case over the cycle
- Expansion of manufacturing: S upervisory board approves further planning for the construction of a n ew factory for 300-millimeter analog/mixed-signal and power semiconductors for about €5 billion; planned location is Dresden (Germany), subject to adequate public funding
- Q4 FY 2022: Revenue €4.143 billion, Segment Result €1.058 billion, Segment Result Margin 25.5 percent, Free Cash Flow €709 million
- FY 2022: Revenue €14.218 billion, up 29 percent on the prior year; Segment Result €3.378 billion, up 63 percent year on year; Segment Result Margin 23.8 percent (previous year: 18.7 percent); Free Cash Flow €1.648 billion (previous year: €1.574 billion).
- Outlook for Q1 FY 2023: Based on an assumed exchange rate of US$1.00 to the euro, revenue of around €4.0 billion predicted. On this basis, Segment Result Margin forecast to be around 25 percent
- Outlook for FY 2023: Based on an assumed exchange rate of US$1.00 to the euro, revenue of around €15.5 billion (plus or minus €500 million) anticipated for the 2023 fiscal year, with an adjusted gross margin of around 45 percent and a Segment Result Margin of around 24 percent at the mid-point of the guided revenue range. Investments of approximately €3.0 billion planned. Taking the planned expansion in frontend buildings into account, Free Cash Flow is expected to be around €0.8 billion, adjusted Free Cash Flow should come in around €1.5 billion
- Dividend proposal for FY 2022: Increase from €0.27 to €0.32 per share
Neubiberg, 14 November 2022 – Infineon Technologies AG is increasing its target operating model and reporting its results for the fourth quarter and for the full fiscal year, both of which ended on 30 September 2022.
For the full version of this news release (incl. financial data), please download the PDF version.
