November 12, 2019 / 6:47 AM / a month ago

Infineon forecasts slower growth in "fraught" macro environment

Nov 12 (Reuters) - German chipmaker Infineon Technologies on Tuesday forecast slower growth in the year ahead, seeing no improvement in the all-important car market and describing the economic environment as “fraught with uncertainty”.

Infineon forecast that revenue would grow by 5% in its fiscal year to Sept. 30, 2020, down from 6% in the year just ended. It also said it expects the main margin metric that it uses to compress further to 16% from 16.4%. (Reporting by Douglas Busvine Editing by Michelle Martin)

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