Company Report

Infineon’s Income from continuing operations increased to €256 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).

Income from continuing operations for the first quarter of the 2021 fiscal year increased to €256 million, up from the previous quarter’s corresponding figure of €112 million. Income from discontinued operations in the first quarter was breakeven, compared to a loss of €3 million in the preceding three-month period. Net income improved from €109 million to €256 million compared to the previous quarter.

Earnings per share from continuing operations improved from €0.08 (basic and diluted) to €0.19 quarter-on-quarter. Adjusted earnings per share (diluted) for the three-month period went up from €0.20 to €0.28.

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.

Source: www.infineon.com

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