Infineon turns in healthy profits

Infineon CEO Reinhard PlossInfineon said its revenues, earnings and its margin rose “significantly” in its third quarter results.

Revenues grew by seven percent to reach euro 1.58 billion, compared to the euro 1.483 billion it reported for the last quarter. Margins improved to 15.4 percent.

Net profits amounted to euro 109 million for the quarter. The company believes that its margins for its fourth financial quarter will amount to 16 percent.

And the company is forecasting that all four of its operating segments will show revenue growth and a year for year rise in revenues of 34 percent.

Infineon bought US company the International Rectifier Corporation in January this year – that firm had revenues of $1.1 billion.

Reinhard Ploss, the CEO of Infineon (pictured), said: “The integration of International Rectifier is progressing according to plan. Leading technologies and an excellent system understanding differentiate us from the competition.”