November 12, 2018 / 7:08 AM / 5 months ago

UPDATE 1-Infineon guides for acceleration in revenue growth in 2018/19

* Forecasts revenue growth of 9-13 pct in 2018/19

* Q4 revenues, profits beat market expectations

* Shares rise 3.9 pct in pre-market trading (Adds CEO comment, results detail)

FRANKFURT, Nov 12 (Reuters) - German chipmaker Infineon Technologies said it would achieve revenue growth of 9 to 13 percent in the 2018/19 business year, with its automotive division leading the way, after announcing forecast-beating annual results.

Fourth-quarter revenues were 2.047 billion euros ($2.31 billion), up 5 percent from the prior quarter. That was above both the company’s own 3 percent forecast and mean expectations in a Reuters poll of 13 analysts.

Fourth-quarter segment result was 400 million euros, compared with 356 million in the prior quarter and mean expectations of 382 million.

“The fourth quarter was a strong finish to an outstanding fiscal year. For the first time, our current business segments have generated over 2 billion euros of revenue in one single quarter,” CEO Reinhard Ploss said.

Full-year revenue growth came in at 8 percent, beating the company’s own guidance for 6.4 to 7.4 percent, while segment margin - a measure of operating profitability at its business units - was 17.8 percent. The company had guided for a segment margin of 17.5 percent in the 2017/18 fiscal year.

The 2018/19 revenue forecast assumes an exchange rate of $1.15 to the euro.

Munich-based Infineon said it expected a sequential decline in revenues of 4 percent, plus or minus 2 percentage points, in the first quarter, which is typically seasonally weak. It saw a segment margin of 17.5 percent.

Infineon will propose an increase in its dividend to 27 euro cents a share, up from 25 cents a year ago.

Shares in Infineon rose 3.9 percent to the top of the DAX index in pre-market trade at brokerage Lang & Schwarz. ($1 = 0.8845 euros) (Reporting by Douglas Busvine Editing by Maria Sheahan)

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