Infineon Technologies AG (IFNNF) CEO Reinhard Ploss on Q1 2021 Results - Earnings Call Transcript

Infineon Technologies AG (OTCQX:IFNNF) Q1 2021 Earnings Conference Call February 4, 2021 3:30 AM ET

Company Participants

Alexander Foltin - Head of IR
Reinhard Ploss - CEO
Helmut Gassel - CMO
Jochen Hanebeck - COO
Sven Schneider - CFO

Conference Call Participants

Sandeep Deshpande - JPMorgan
Johannes Schaller - Deutsche Bank
David Mulholland - UBS
Janardan Menon - Liberum
Dominik Olszewski - Morgan Stanley
Adithya Metuku - Bank of America
Jerome Ramel - Exane BNP
Amit Harchandani - Citigroup
Achal Sultania - Crédit Suisse

Alexander Foltin

Thank you very much, and good morning. Welcome, ladies and gentlemen, to our 2021 fiscal first quarter earnings call. The entire Management Board of Infineon is again on the call: Reinhard Ploss, CEO; Helmut Gassel, CMO; Jochen Hanebeck, COO; and Sven Schneider, CFO.

New year, different day of the week, same procedure. Reinhard will start with some remarks on group and division results, market developments and business highlights. Sven will then comment on key financials, followed by Reinhard again updating you on our guidance. The illustrating slide show, which is synchronized with a telephone audio signal, is available at infineon.com/slides. After the introduction, we will be happy to take your questions, kindly asking that you restrict yourself to one question and one follow-up.

A recording of this conference call, including the aforementioned slides and a copy of our earnings press release as well as our investor presentation, are also available on our website at infineon.com.

Reinhard, the virtual stage is yours.

Reinhard Ploss

Thank you, Alexander, and good morning, everyone. Infineon has been off to a strong start into the 2021 fiscal year. Driven by rising demand across multiple end markets, we saw a pronounced sequential revenue increase in the December quarter, different from our typical seasonality. As we could serve the bulk of the additional demand from existing available capacities, the revenue