Report
Stephane Houri

Infineon Technologies AG : A major bet on a reduction in industry inventories in the short term but importantly on a significant uptick in the mass market in H2 2020

>Despite a lack of surprises on the figures, the release was welcomed for the bet on H2 2020 and an active strategy of inventory reduction - This Q4 2019 earnings release was largely unsurprising in relation to consensus expectations, notably on the 2020 guidance (revenues at +5%, operating margin at 16%). But management set out an unexpected scenario for a sharp decline in revenues in Q1 (-7% q-o-q) and a significant recovery from Q2, which would allow the group to o...
Underlying
INFINEON TECHNOLOGIES AG

Infineon Technologies is a semiconductor manufacturing company. The Automotive segment designs, develops, manufactures and markets semiconductors for use in automotive applications. The Industrial Power Control segment designs, develops, manufactures and markets semiconductors for the generation, transmission and economy in the use of electrical energy. The Power Management & Multimarket segment designs, develops, manufactures and markets semiconductors for power supplies, mobile devices and mobile phone network infrastructures. The Chip Card & Security segment designs, develops, manufactures and markets semiconductor-based security products for card applications and networked systems.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Stephane Houri

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