Semiconductor products for the automotive industry accounted for almost half of Infineon's entire sales. With €510 million, this segment contributed 46% to the sales volume of €1.11 billion and 41% to the total segment result of €170 million.
While Automotive continues to be the strongest segment for the chipmaker, sales and profit in the company’s Industrial Power Control (IPC) segment grew faster in terms of revenue (+16%) and profit (+202 %). The Power Management and Multimarket (PMM) as well as the Chip Card & Security (CCS) segments both exhibited single-digit growth and were profitable .
For the quarter ahead, Infineon CEO Reinhard Ploss expects the party to continue. He slightly raised his revenue expectations for FY2014 to 7 to 11%; the margin is expected to come in at 11 to 14%. Ploss expects the sales in the IPC segment to climb significantly faster than the company average; automotive will show growth slightly faster than the average.
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