Infineon Technologies AG : Automotive is holding up very well, consumer could take longer than expected to recover
>Solidity in automotive confirmed, for both growth and the margin - Last week, IFX held a conference call on the automotive business (~50% of sales) and was reassuring on the solidity of this activity. As a reminder, it should show ‘low teens’ growth in 2024, even with a stable automotive market, thanks to electrification and ADAS. The group also indicated that it could preserve its margins in this division between 25% and 28% vs just over 28% in 2023e. Beyond a one-o...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.
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.
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