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ots Ad hoc-Service: Infineon Technologies AG <DE0006231004> Infineon Reports Record Third Quarter and Nine Months Results

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Third quarter ended June 30
Infineon Technologies's (FSE/NYSE: IFX) revenues in the third
quarter rose to Euro 1.83 billion, a 19 percent increase over the
previous quarter and a 67 percent increase over the third quarter of
1999. The significant revenue growth was driven by strong demand
across all segments especially in communication and memory products.
EBIT for the third quarter was up 45 percent from the second
quarter to Euro 366 million, an increase of Euro 352 million from the
third quarter of 1999. Infineon's strong performance was driven by
improved pricing and increased output, which was provided by capacity
additions and significant productivity gains.
Net income increased to Euro 266 million, up 82 percent from Euro
146 million in the second quarter and an improvement of Euro 235
million over the third quarter of 1999. Based on the weighted average
number of shares outstanding, basic earnings per share for the third
quarter amounted to Euro 0.43, as compared to Euro 0.24 last quarter
and Euro 0.05 for the same period last year.
Nine months ended June 30
In the first nine months of the fiscal year 2000, revenues
increased to Euro 4.9 billion, up 68 percent compared to the same
period last year; this figure already exceeds total revenues for the
entire fiscal year 1999 by Euro 670 million.
Year-to-date EBIT totaled Euro 863 million compared to a loss of
Euro 32 million for the same period last year. Net income increased
by Euro 520 million to Euro 545 million. Based on the weighted
average of shares outstanding, earnings per share for the first nine
months amounted to Euro 0.89, as compared to Euro 0.04 over the same
period last year.
Outlook
Infineon expects its capital expenditures for this fiscal year
(ended September 30) to be about 25 percent of revenues; this should
increase to around 30 percent in the next fiscal year to take full
advantage of the continuing growth dynamic of the semiconductor
market.
Increasing memory prices as well as productivity gains are likely
to lead to an improved fourth quarter in comparison to the third
quarter 2000.
On the revenue side, Infineon is well positioned to grow faster
than the market in both fiscal year 2000 and 2001. The World
Semiconductor Trade Statistics forecasts revenue growth of over 20
percent for the worldwide semiconductor industry in 2001.
Further information at www.infineon.com
"Safe Harbor" Statement: ------------------------
This discussion includes forward-looking statements about our
future business. These forward-looking statements are subject to a
number of uncertainties, including trends in demand and prices for
semiconductors generally and for our products in particular, the
receipt of all necessary approvals for our planned transactions, the
success of our efforts to introduce new production processes at our
facilities and the actions of our competitors, the availability of
funds for planned expansion efforts, as well as the other factors
mentioned herein. As a result, our actual results could differ
materially from those contained in the forward-looking statements.
End
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