Infineon Technologies AG : Q3 might be a low point, but what will the subsequent recovery profile for automotive be?
>Q2 2020 results broadly in line with expectations - Yesterday, Infineon presented Q2 2020 results in line with forecasts. Sales clocked in at € 1,986m, i.e. +4% q-o-q vs consensus at € 1,971m. Operating profit came to € 274m, giving an operating margin of 13.8% vs consensus estimates of € 253m and 12.8%. Adjusted EPS totalled € 0.13, a shade lower than the consensus forecast of € 0.14. Link to our detailed reaction yesterdayWide guidance range, marked b...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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