Germany Fiscal Year Tender

Infineon Technologies AG is reporting its results for the first quarter of the 2021 fiscal year period ended 31 December 2020.Infineon has made a good start to the new fiscal year. Despite headwinds from a weak US dollar we recorded significant increases in both revenue and earnings in the first quarter. In addition to the economic recovery in some regions we continue to benefit from the digitalization push affecting all areas of life. Semiconductors are needed more than ever said Dr. Reinhard Ploss CEO of Infineon. We are monitoring ongoing risks closely. Nevertheless in view of dynamic ordering momentum and manufacturing plants running at good utilization rates in the majority of product areas we are making a slight upward adjustment to our outlook for the full year. We are increasing our investments in manufacturing capacity and bringing forward the starting date for the new power semiconductor plant in Villach to the last quarter of the current fiscal year.Outlook for Q2 FY 2021 Based on an assumed exchange rate of US1.20 to the euro revenue between 2.5 billion and 2.8 billion predicted. At the mid-point of the guided revenue range Segment Result Margin is expected to come in at around 16.5 percentOutlook for FY 2021 Based on an assumed exchange rate of US1.20 to the euro revenue of around 10.8 billion plus or minus 5 percent. At the mid-point of the guided revenue range Segment Result Margin is predicted to come in at around 17.5 percent. Investments of around 1.6 billion are planned. Free cash flow is predicted to exceed 800 million