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IFX - Infineon Technologies AG News Story

€31.62 1.0  3.3%

Last Trade - 14/05/21

Sector
Technology
Size
Large Cap
Market Cap £35.44bn
Enterprise Value £38.65bn
Revenue £8.61bn
Position in Universe 36th / 1053

Infineon forecasts slower growth in "fraught" macro environment

Tue 12th November, 2019 6:30am
Nov 12 (Reuters) - German chipmaker Infineon Technologies
 IFXGn.DE  on Tuesday forecast slower growth in the year ahead,
seeing no improvement in the all-important car market and
describing the economic environment as "fraught with
uncertainty".
    Infineon forecast that revenue would grow by 5% in its
fiscal year to Sept. 30, 2020, down from 6% in the year just
ended. It also said it expects the main margin metric that it
uses to compress further to 16% from 16.4%.

 (Reporting by Douglas Busvine
Editing by Michelle Martin)
 ((douglas.busvine@tr.com; +49 30 2888 4084; Reuters Messaging:
douglas.busvine.thomsonreuters.com@reuters.net))
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