International Rectifier successfully integrated with strong contribution to earnings
Nov 26, 2015
- Q4 FY 2015: Revenue of €1,598 million; Segment Result €286 million; Segment Result Margin 17.9 percent
- International Rectifier's fourth-quarter margin already meets 15 percent target for Segment Result Margin over economic cycle
- Outlook for Q1 FY 2016: Quarter-on-quarter revenue decrease of 6 percent (plus or minus 2 percentage points) due to seasonal factors, with Segment Result Margin of 14 percent at mid-point of revenue range
- Outlook for FY 2016: Based on an assumed average exchange rate of US$1.10 to the euro, year-on-year revenue growth of 13 percent (plus or minus 2 percentage points) and Segment Result Margin of 16 percent expected
Neubiberg, Germany, November 26, 2015 – Infineon Technologies AG today reported its results for the fourth quarter and the 2015 fiscal year, ended September 30, 2015.
"The integration of International Rectifier has been a success. The fourth-quarter margin generated by the acquired business was already 15 percent and hence in line with Infineon's target for Segment Result Margin over the economic cycle. With that we have achieved our aim more than one year ahead of schedule," stated Dr. Reinhard Ploss, CEO of Infineon Technologies AG. "We will achieve further growth in revenue, earnings and margin in the course of the current 2016 fiscal year."