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ots Ad hoc-Service: Infineon Technologies AG <DE0006231004> Infineon Reports Record Fiscal Year 2000 and Fourth Quarter Results

München (ots Ad hoc-Service) -

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responsible for the contents of this announcement.
Fiscal Year 2000 (October 1, 1999 to September 30, 2000)
The semiconductor manufacturing group Infineon Technologies
announced results for fiscal year 2000 (ending in September).
Revenues rised to Euro 7.28 bn, an increase of 72% from Euro 4.24 bn
in the previous fiscal year. Revenue growth was driven by strong
demand in all of Infineon's business groups, especially in
communications and memory products, supported by increased
manufacturing capacity. Infineon's gross margin improved from 29% to
44% year over year.
EBIT (earnings before interest and tax) increased to Euro 1.67 bn.
Infineon's strong earnings were based on significant productivity
gains and margin improvements in all segments.
Infineon achieved a record net income of Euro 1.13 bn, an increase
of more than Euro 1 bn over last year's Euro 61 mio Earnings per
share (basic and diluted) for the fiscal year improved to Euro 1.83
as compared with Euro 0.10 last year.
4th Quarter 2000 (July 1 to September 30, 2000)
The fourth quarter was Infineon's strongest in the 2000 fiscal
year. Revenues in fourth quarter rose to Euro 2.38 bn, a 30% increase
over the previous quarter and an 82% increase compared with the
fourth quarter of 1999. Gross margin increased to 53 % of total
revenues, up 12% from the third quarter and 23% from last year's
fourth quarter.
EBIT for the fourth quarter was Euro 807 mio, an increase of 120%
compared with the third quarter and up Euro 788 mio from Euro 19 mio
over last year's fourth quarter. Net income rose significantly to
Euro 581 mio, up 118% from the third quarter of fiscal 2000 and up
Euro 545 mio from the fourth quarter of fiscal 1999. Earnings per
share (basic and diluted) improved to Euro 0.93, compared with Euro
0.06 for the fourth quarter of fiscal 1999 and Euro 0.43 for the
third quarter 2000.
Outlook Fiscal Year 2001
The worldwide semiconductor market is expected to grow 27% in the
2001 calender year according to Dataquest. Infineon expects to grow
significantly above the industry average. For the fiscal year 2001,
the company expects to further improve its EBIT margin throughout its
communications businesses through the continued strengthening of its
product mix and through the booking of first revenues from new
solutions for markets such as Bluetooth, VDSL, Gigabit Ethernet and
Optical Networking.
Due to the current uncertainties in the worldwide PC markets,
Infineon expects weaker demand and consequently lower prices in its
memory business in the first quarter of fiscal year 2001, which is
the last quarter of the calendar year 2000. The full fiscal year
outlook remains positive for the memory products group; it is
anticipated that the market will recover at the latest in the second
half of fiscal year 2001, which corresponds to the second and third
quarter of the calendar year 2001, based on the industry's limited
capacity expansion not being able to satisfy demand. Infineon already
has a strong technology leadership position in the 128- and
256-Megabit DRAM segments and will further accelerate its transition
to the less volatile and faster growing markets for server and
networking applications.
Under current market conditions, capital expenditures in 2001 are
expected to be around 30% of revenues. This level of capital
expenditure will help address expected capacity constraints.
Further information will be available on our website
www.infineon.com from today (Tuesday, November 7) circa at 12:30 pm
(CET).
This information includes forward-looking statements about our
future business. These forward-looking statements include statements
relating to future developments of the world semiconductor market,
the relative market position and technology ability of Infineon and
its business groups, Infineon's future growth, the anticipated
production activities at Dresden and other facilities, the benefits
of research and development alliances and activities, our planned
levels of future investment in the expansion and modernization of our
production capacity, the introduction of new technology at our
Dresden facility, the transitioning of our production processes to
smaller structures, cost savings related to such transitioning and
other initiatives, our successful development of technology based on
industry standards, our ability to offer commercially viable products
based on our technology, our ability to achieve our growth targets,
and the continuation of current developments in our financial results
in the 2001 financial year. 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 success of our development efforts, both alone and
with our partners, 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 of Message 
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