Company Report

Infineon’s Free cash flow generated totaled €313 million in Q1 2021

Infineon Technologies AG is reporting its results for the first quarter of the 2021 fiscal year (period ended 31 December 2020).

Free cash flow generated totaled €313 million, down from €387 million one quarter earlier. Net cash provided by operating activities from continuing operations amounted to €588 million, compared to €747 million in the final quarter of the preceding fiscal year.

Investments in property, plant and equipment and other intangible assets, including capitalized development costs, are planned to be around €1.6 billion for the 2021 fiscal year. Depreciation and amortization are expected to amount to between €1.5 billion and €1.6 billion, of which approximately €500 million is attributable to depreciation and amortization from purchase price allocations arising mainly in connection with the acquisition of Cypress and to a lesser extent with the acquisition of International Rectifier. Free cash flow is predicted to exceed €800 million.

Source: www.infineon.com

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