Slight increase in sales and earnings in Q3 FY2024. Further improvement expected in Q4 FY2024. Outlook for the full year within the previously forecast range
2024-08-09 09:11:07, Infineon Technologies AG Neubiberg, Germany, August 5, 2024 - Infineon Technologies AG today announces its results for the third quarter of the 2024 fiscal year ended June 30, 2024.
"Infineon continues to perform well in a market environment that remains challenging," says Jochen Hanebeck, CEO of Infineon. "The recovery in our target markets is progressing only slowly. In view of the persistently weak overall economic momentum, inventories are outstripping final demand in many places. In addition to managing the current demand cycle, we are continuing to work on strengthening our competitiveness as part of our "Step Up" structural improvement program."
"Infineon continues to perform well in a market environment that remains challenging," says Jochen Hanebeck, CEO of Infineon. "The recovery in our target markets is progressing only slowly. In view of the persistently weak overall economic momentum, inventories are outstripping final demand in many places. In addition to managing the current demand cycle, we are continuing to work on strengthening our competitiveness as part of our "Step Up" structural improvement program."
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