e6vk
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
July 25, 2007
QIMONDA AG
Gustav-Heinemann-Ring 212
D-81739 Munich
Federal Republic of Germany
Tel: +49-89-60088-0
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form
20-F or Form 40-F.
Indicate by check mark whether the registrant by furnishing the information contained in this Form
is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
If Yes is marked, indicate below the file number assigned to the registrant in connection with
Rule 12g3-2(b): 82-___.
TABLE OF CONTENTS
This Report on Form 6-K contains the press release for the third financial quarter ended June
30, 2007 of Qimonda AG dated July 25, 2007.
News Release Presseinformation
Page 1
of 7 July 24, 2006
Qimonda Reports Third Quarter Results of Financial Year 2007
Munich, Germany July 24, 2007 Qimonda AG (NYSE: QI) today announced results for the third
quarter of its financial year (FY) 2007, which ended June 30, 2007. Qimonda achieved net sales of
Euro 740 million in the third quarter of FY 2007, a decline of 24 percent from Euro 977 million
year over year and a decline of 25 percent from Euro 984 million quarter over quarter. Third
quarter FY 2007 EBIT was a loss of Euro 323 million compared to positive EBIT of Euro 100 million
in the third quarter of FY 2006 and positive EBIT of Euro 85 million in the second quarter of FY
2007. Net loss in the third quarter was Euro 218 million or a loss per share (basic and diluted) of
Euro 0.64 compared to net income of Euro 54 million in the third quarter of FY 2006 or earnings per
share of Euro 0.18. In the second quarter, net income was Euro 57 million and earnings per share
was Euro 0.17.
For the first nine months of FY 2007, Qimondas net sales were Euro 2.9 billion, an increase of 12
percent compared to the same period last year. EBIT for the first nine months of the current
financial year was Euro 12 million compared to an EBIT loss of Euro 2 million in the same period of
the previous financial year. Net income in the first nine months of FY 2007 amounted to Euro 16
million or earnings per share of Euro 0.05 compared to a net loss of Euro 82 million or loss per
share of Euro 0.27 in the first nine months of FY 2006.
In the June quarter, the industry saw a sharp price decline for standard DRAM products, where PC
contract prices dropped almost 60 percent quarter over quarter, said Kin Wah Loh, President and
CEO of Qimonda. Our diversified DRAM product
Page 2 of 7 July 24, 2006
portfolio helped limit our average selling price decline to 40 percent quarter over quarter.
Although we have seen some price improvement in July, as we enter the typically stronger second
half of the calendar year, we are taking several actions to improve our financial performance. For
the current financial year, we are limiting our capital spending and expect to be around Euro 900
million, at the low end of our previously announced range. For the next financial year, we are
significantly cutting capital spending plans down to a range of Euro 650 million to Euro 750
million. We are focusing on productivity improvements and expect to convert more than 50 percent of
our capacities to 80nm and 75nm by the end of calendar year 2007 while growing our 300mm share to
80 percent. In addition, we are curtailing our operating expenses for the current financial year
and expect to save about Euro 30 million compared to our previous plans.
On a year-over-year basis, Qimondas quarterly net sales decreased mainly due to a strong decline
in average selling prices as well as a weaker US dollar. These effects were not entirely offset by
the 56 percent growth in bit-shipments. Quarter over quarter, net sales decreased mainly due to a
40 percent decline in average selling prices and a weaker U.S. dollar. This decrease, however, was
only partially offset by the strong 28 percent growth in bit-shipments and a fairly stable shipment
share to non-PC applications of almost 50 percent.
In the third quarter of FY 2007, Qimonda generated 33 percent of its net sales in North America, 16
percent in Europe, 31 percent in Asia Pacific and 20 percent in Japan.
Page 3 of 7 July 24, 2006
Gross margin and net income year over year and quarter over quarter were negatively affected by the
DRAM price development and a weaker U.S. dollar. These effects could not be offset by higher
bit-shipments and improved manufacturing productivity. The sharp decline in prices for standard
DRAM products resulted in inventory write-downs of Euro 66 million in the quarter, which further
negatively impacted gross margin and profitability.
Cash flow from operations declined to Euro 45 million in the third quarter FY 2007. Capital
expenditures were Euro 236 million, mainly for the further expansion of the Richmond 300mm wafer
manufacturing facility and equipment upgrades for the further conversion towards the 75nm and
smaller DRAM technologies. In addition, the company fully repaid the remaining Euro 48 million
balance of the Infineon shareholder loan. At the end of the third quarter of FY 2007, the companys
gross cash position was Euro 892 million and its net cash position was Euro 743 million.
Outlook
In the fourth quarter of FY 2007, Qimonda expects its bit production to grow by 15 to 20 percent,
mainly based on increased in-house and partner capacities and continued productivity improvements
from the ongoing conversion to 80nm and 75nm technologies. The company targets a share of
bit-shipments to non-PC applications of around 50 percent for the fourth quarter, and expects the
trend of strong demand for PC-related products in particular to continue.
For the full financial year, Qimonda expects bit demand for DRAM to be driven by the continued
strong growth in graphics, consumer and communication applications and the move to higher density
modules in the PC market. For financial year 2007, the company
Page 4 of 7 July 24, 2006
continues to estimate an increase in its bit production of between 60 and 70 percent. Qimonda
continues to expect its share of bit-shipments to non-PC applications to be more than 50 percent
for the full financial year.
Unaudited Financial Information
Attached is Qimondas unaudited financial information for the third quarter and first nine months
of its 2007 financial year, which ended June 30, 2007. This financial information includes
reconciliations of the non-US GAAP financial measures EBIT and net cash position to net income and
gross cash position, respectively, which are the closest measures prepared in accordance with US
GAAP. Financial information as of dates before and for periods beginning before May 1, 2006 is
derived from Qimondas combined financial statements prepared in accordance with its carve-out from
Infineon, effective on that date.
Conference Call
The company will host a conference call today at 4:30pm EST, 1:30pm PST, 9:30pm GMT, and 10:30pm
CET to discuss its financial results. The web cast and slide presentation will be available at
www.qimonda.com. A webcast replay will be available for a limited time on the companys web site.
An audio replay of the conference call will also be available at phone number +1 718 354 1112 (US),
+44 (0)20 7806 1970 (UK), +49 (0)69 22222 0418 (Germany), +81 (0)3 3570 8212 (Japan), pass code:
2394883 #, beginning at 6:30pm EST today and continuing until 5:59pm EST on July 28, 2007.
About Qimonda
Qimonda AG (NYSE: QI) is a leading global memory supplier with a broad diversified DRAM product
portfolio. The company generated net sales of 3.81 billion in its 2006
Page 5 of 7 July 24, 2006
financial year and has approximately 13,000 employees worldwide. Qimonda has access to five 300mm
manufacturing sites on three continents and operates five major R&D facilities. The company
provides DRAM products for a wide variety of applications, including in the computing,
infrastructure, graphics, mobile and consumer areas, using its power saving technologies and
designs. Further information is available at www.qimonda.com.
Disclaimer
This presentation contains forward-looking statements based on assumptions and forecasts made by
Qimonda management and third parties. Statements that are not historical facts, including
statements about our beliefs and expectations, are forward-looking statements. These statements are
based on current plans, estimates and projections, and speak only as of the date they are made. We
undertake no obligation to update any of them in light of new information or future events. These
forward-looking statements involve inherent risks and are subject to a number of uncertainties,
including trends in demand and prices for semiconductors generally and for our products in
particular, the success of our development efforts, both alone and with our partners, the success
of our efforts to introduce new production processes at our facilities and the actions of our
competitors, the availability of funds for planned expansion efforts and the outcome of antitrust
investigations and litigation matters, as well as other factors. We caution you that these and a
number of other known and unknown risks, uncertainties and other factors could cause actual future
results, or outcomes to differ materially from those expressed in any forward-looking statement.
These factors include those identified under the heading Risk Factors in our Annual Report on
Form 20-F for our fiscal year ended September 30, 2006, available without charge on our website and
at www.sec.gov.
Page 6 of 7 July 24, 2006
Qimonda AG and Subsidiaries
Unaudited Financial Information
Third Quarter Ended 30.06.2007
All amounts in Euro millions, except where otherwise stated
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3 Months |
|
|
3 Months |
|
|
3 Months |
|
|
9 Months |
|
|
9 Months |
|
|
|
June 30 |
|
|
March 31 |
|
|
June 30 |
|
|
June 30 |
|
|
June 30 |
|
|
|
Q3 F07 |
|
|
Q2 F07 |
|
|
Q3 F06 |
|
|
FY 2007 |
|
|
FY 2006 |
|
|
|
|
(Unaudited) |
|
|
(Unaudited) |
|
|
(Unaudited) |
|
|
(Unaudited) |
|
|
(Unaudited) |
|
RESULTS OF OPERATIONS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total net sales |
|
|
740 |
|
|
|
984 |
|
|
|
977 |
|
|
|
2.897 |
|
|
|
2.583 |
|
Cost of goods sold |
|
|
(964 |
) |
|
|
(785 |
) |
|
|
(762 |
) |
|
|
(2.572 |
) |
|
|
(2.158 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross (loss) profit |
|
|
(224 |
) |
|
|
199 |
|
|
|
215 |
|
|
|
325 |
|
|
|
425 |
|
Research and development expense |
|
|
(98 |
) |
|
|
(96 |
) |
|
|
(110 |
) |
|
|
(291 |
) |
|
|
(325 |
) |
Selling, general and administrative expense |
|
|
(48 |
) |
|
|
(48 |
) |
|
|
(48 |
) |
|
|
(140 |
) |
|
|
(161 |
) |
Other operating income (expense), net |
|
|
4 |
|
|
|
3 |
|
|
|
1 |
|
|
|
7 |
|
|
|
(13 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating (loss) income |
|
|
(366 |
) |
|
|
58 |
|
|
|
58 |
|
|
|
(99 |
) |
|
|
(74 |
) |
Interest income (expense), net |
|
|
1 |
|
|
|
2 |
|
|
|
(6 |
) |
|
|
4 |
|
|
|
(22 |
) |
Equity in earnings of associated companies |
|
|
38 |
|
|
|
28 |
|
|
|
11 |
|
|
|
103 |
|
|
|
38 |
|
Gain on associated company share issuance |
|
|
|
|
|
|
|
|
|
|
30 |
|
|
|
|
|
|
|
30 |
|
Other non-operating income (expense), net |
|
|
6 |
|
|
|
1 |
|
|
|
3 |
|
|
|
12 |
|
|
|
9 |
|
Minority interests |
|
|
(1 |
) |
|
|
(2 |
) |
|
|
(2 |
) |
|
|
(4 |
) |
|
|
(5 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) before income taxes |
|
|
(322 |
) |
|
|
87 |
|
|
|
94 |
|
|
|
16 |
|
|
|
(24 |
) |
Income tax benefit (expense) |
|
|
104 |
|
|
|
(30 |
) |
|
|
(40 |
) |
|
|
|
|
|
|
(58 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net (loss) income |
|
|
(218 |
) |
|
|
57 |
|
|
|
54 |
|
|
|
16 |
|
|
|
(82 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (loss) per share basic and diluted (in
euro) |
|
|
(0,64 |
) |
|
|
0,17 |
|
|
|
0,18 |
|
|
|
0,05 |
|
|
|
(0,27 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FINANCIAL POSITION |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
|
629 |
|
|
|
872 |
|
|
|
438 |
|
|
|
629 |
|
|
|
438 |
|
Marketable securities |
|
|
263 |
|
|
|
263 |
|
|
|
170 |
|
|
|
263 |
|
|
|
170 |
|
Trade accounts receivable, net |
|
|
364 |
|
|
|
505 |
|
|
|
599 |
|
|
|
364 |
|
|
|
599 |
|
Inventories |
|
|
600 |
|
|
|
753 |
|
|
|
672 |
|
|
|
600 |
|
|
|
672 |
|
Deferred income taxes |
|
|
27 |
|
|
|
51 |
|
|
|
50 |
|
|
|
27 |
|
|
|
50 |
|
Other current assets |
|
|
302 |
|
|
|
201 |
|
|
|
234 |
|
|
|
302 |
|
|
|
234 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets |
|
|
2.185 |
|
|
|
2.645 |
|
|
|
2.163 |
|
|
|
2.185 |
|
|
|
2.163 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property, plant and equipment, net |
|
|
2.129 |
|
|
|
2.061 |
|
|
|
2.177 |
|
|
|
2.129 |
|
|
|
2.177 |
|
Long-term investments, net |
|
|
681 |
|
|
|
668 |
|
|
|
601 |
|
|
|
681 |
|
|
|
601 |
|
Deferred income taxes |
|
|
200 |
|
|
|
162 |
|
|
|
139 |
|
|
|
200 |
|
|
|
139 |
|
Other assets |
|
|
169 |
|
|
|
172 |
|
|
|
182 |
|
|
|
169 |
|
|
|
182 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
|
5.364 |
|
|
|
5.708 |
|
|
|
5.262 |
|
|
|
5.364 |
|
|
|
5.262 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities and shareholders/business equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-term debt and current maturities |
|
|
21 |
|
|
|
69 |
|
|
|
451 |
|
|
|
21 |
|
|
|
451 |
|
Trade accounts payable |
|
|
679 |
|
|
|
658 |
|
|
|
608 |
|
|
|
679 |
|
|
|
608 |
|
Accrued liabilities |
|
|
146 |
|
|
|
150 |
|
|
|
137 |
|
|
|
146 |
|
|
|
137 |
|
Deferred income taxes |
|
|
18 |
|
|
|
17 |
|
|
|
16 |
|
|
|
18 |
|
|
|
16 |
|
Other current liabilities |
|
|
242 |
|
|
|
294 |
|
|
|
218 |
|
|
|
242 |
|
|
|
218 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities |
|
|
1.106 |
|
|
|
1.188 |
|
|
|
1.430 |
|
|
|
1.106 |
|
|
|
1.430 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term debt |
|
|
128 |
|
|
|
129 |
|
|
|
151 |
|
|
|
128 |
|
|
|
151 |
|
Deferred income taxes |
|
|
34 |
|
|
|
51 |
|
|
|
32 |
|
|
|
34 |
|
|
|
32 |
|
Other liabilities |
|
|
288 |
|
|
|
292 |
|
|
|
308 |
|
|
|
288 |
|
|
|
308 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities |
|
|
1.556 |
|
|
|
1.660 |
|
|
|
1.921 |
|
|
|
1.556 |
|
|
|
1.921 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total shareholders/business equity |
|
|
3.808 |
|
|
|
4.048 |
|
|
|
3.341 |
|
|
|
3.808 |
|
|
|
3.341 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and shareholders/business equity |
|
|
5.364 |
|
|
|
5.708 |
|
|
|
5.262 |
|
|
|
5.364 |
|
|
|
5.262 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Page 7 of 7 July 24, 2006
Qimonda AG and Subsidiaries
Unaudited Financial Information
Third Quarter Ended 30.06.2007
All amounts in Euro millions, except where otherwise stated
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3 Months |
|
|
3 Months |
|
|
3 Months |
|
|
9 Months |
|
|
9 Months |
|
|
|
June 30 |
|
|
March 31 |
|
|
June 30 |
|
|
June 30 |
|
|
June 30 |
|
|
|
Q3 F07 |
|
|
Q2 F07 |
|
|
Q3 F06 |
|
|
FY 2007 |
|
|
FY 2006 |
|
|
|
|
(Unaudited) |
|
|
(Unaudited) |
|
|
(Unaudited) |
|
|
(Unaudited) |
|
|
(Unaudited) |
|
CASH FLOW |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by operating activities
therein: |
|
|
45 |
|
|
|
286 |
|
|
|
66 |
|
|
|
769 |
|
|
|
61 |
|
Depreciation and amortization |
|
|
164 |
|
|
|
171 |
|
|
|
177 |
|
|
|
496 |
|
|
|
524 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash
used in investing activities therein: |
|
|
(238 |
) |
|
|
(278 |
) |
|
|
(257 |
) |
|
|
(724 |
) |
|
|
(725 |
) |
Net (purchases) proceeds of marketable securities |
|
|
(1 |
) |
|
|
(119 |
) |
|
|
(168 |
) |
|
|
(131 |
) |
|
|
(168 |
) |
Purchases of property, plant and equipment |
|
|
(236 |
) |
|
|
(144 |
) |
|
|
(89 |
) |
|
|
(601 |
) |
|
|
(571 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash (used in) provided by financing activities
therein: |
|
|
(48 |
) |
|
|
(191 |
) |
|
|
(14 |
) |
|
|
(343 |
) |
|
|
466 |
|
Net change in short-term debt due Infineon |
|
|
(48 |
) |
|
|
(184 |
) |
|
|
(19 |
) |
|
|
(344 |
) |
|
|
(54 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RECONCILIATIONS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net (loss) income |
|
|
(218 |
) |
|
|
57 |
|
|
|
54 |
|
|
|
16 |
|
|
|
(82 |
) |
Interest income (expense), net |
|
|
1 |
|
|
|
2 |
|
|
|
(6 |
) |
|
|
4 |
|
|
|
(22 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (loss) before Interest (EBI) |
|
|
(219 |
) |
|
|
55 |
|
|
|
60 |
|
|
|
12 |
|
|
|
(60 |
) |
Income tax benefit (expense) |
|
|
104 |
|
|
|
(30 |
) |
|
|
(40 |
) |
|
|
|
|
|
|
(58 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (loss) before Interest and Taxes (EBIT) |
|
|
(323 |
) |
|
|
85 |
|
|
|
100 |
|
|
|
12 |
|
|
|
(2 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
|
629 |
|
|
|
872 |
|
|
|
438 |
|
|
|
629 |
|
|
|
438 |
|
Marketable securities |
|
|
263 |
|
|
|
263 |
|
|
|
170 |
|
|
|
263 |
|
|
|
170 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Cash position |
|
|
892 |
|
|
|
1.135 |
|
|
|
608 |
|
|
|
892 |
|
|
|
608 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-term debt and current maturities |
|
|
21 |
|
|
|
69 |
|
|
|
451 |
|
|
|
21 |
|
|
|
451 |
|
Long-term debt |
|
|
128 |
|
|
|
129 |
|
|
|
151 |
|
|
|
128 |
|
|
|
151 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total financial debt |
|
|
149 |
|
|
|
198 |
|
|
|
602 |
|
|
|
149 |
|
|
|
602 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Cash (debt) position |
|
|
743 |
|
|
|
937 |
|
|
|
6 |
|
|
|
743 |
|
|
|
6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total shareholders equity |
|
|
3.808 |
|
|
|
4.048 |
|
|
|
3.341 |
|
|
|
3.808 |
|
|
|
3.341 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital Employed |
|
|
3.065 |
|
|
|
3.111 |
|
|
|
3.335 |
|
|
|
3.065 |
|
|
|
3.335 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by operating activities |
|
|
45 |
|
|
|
286 |
|
|
|
66 |
|
|
|
769 |
|
|
|
61 |
|
Net cash used in investing activities |
|
|
(238 |
) |
|
|
(278 |
) |
|
|
(257 |
) |
|
|
(724 |
) |
|
|
(725 |
) |
Net purchases (proceeds) of marketable securities |
|
|
1 |
|
|
|
119 |
|
|
|
168 |
|
|
|
131 |
|
|
|
168 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Free Cash Flow |
|
|
(192 |
) |
|
|
127 |
|
|
|
(23 |
) |
|
|
176 |
|
|
|
(496 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STATISTICS AND RATIOS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Margin |
|
|
(30 |
)% |
|
|
20 |
% |
|
|
22 |
% |
|
|
11 |
% |
|
|
16 |
% |
R&D as % of sales |
|
|
13 |
% |
|
|
10 |
% |
|
|
11 |
% |
|
|
10 |
% |
|
|
13 |
% |
SG&A as % of sales |
|
|
6 |
% |
|
|
5 |
% |
|
|
5 |
% |
|
|
5 |
% |
|
|
6 |
% |
EBI / Sales |
|
|
(30 |
)% |
|
|
6 |
% |
|
|
6 |
% |
|
|
0 |
% |
|
|
(2 |
)% |
EBIT Margin |
|
|
(44 |
)% |
|
|
9 |
% |
|
|
10 |
% |
|
|
0 |
% |
|
|
(0 |
)% |
Net income / Sales |
|
|
(29 |
)% |
|
|
6 |
% |
|
|
6 |
% |
|
|
1 |
% |
|
|
(3 |
)% |
Effective Tax Rate |
|
|
32 |
% |
|
|
34 |
% |
|
|
43 |
% |
|
|
|
% |
|
|
(242 |
)% |
Weighted Average Shares Outstanding (million) basic |
|
|
342 |
|
|
|
342 |
|
|
|
300 |
|
|
|
342 |
|
|
|
300 |
|
Sales / Equity |
|
|
0,8 |
|
|
|
1,0 |
|
|
|
1,2 |
|
|
|
3,0 |
|
|
|
3,1 |
|
Capital Turnover (Sales / Capital Employed) |
|
|
1,0 |
|
|
|
1,3 |
|
|
|
1,2 |
|
|
|
3,8 |
|
|
|
3,1 |
|
Net income / Equity ratio |
|
|
(23 |
)% |
|
|
6 |
% |
|
|
6 |
% |
|
|
1 |
% |
|
|
(3 |
)% |
ROCE (EBI / Capital Employed) |
|
|
(29 |
)% |
|
|
7 |
% |
|
|
7 |
% |
|
|
1 |
% |
|
|
(2 |
)% |
For the Business and Trade Press: QI200707.26e
|
|
|
|
|
|
|
Public Relations
|
|
Name
|
|
Phone
|
|
E-mail |
Worldwide Headquarters
|
|
Ralph Heinrich
|
|
+49 89 60088 1300
|
|
ralph.heinrich@qimonda.com |
U.S.A.
|
|
Donna Wilson
|
|
+1 408 501 7188
|
|
donna.wilson@qimonda.com |
Asia
|
|
Regine Liu
|
|
+886 2 2652 6900
|
|
regine.liu@qimonda.com |
Japan
|
|
Kenichi Sugiyama
|
|
+81 3 5745 7339
|
|
kenichi.sugiyama@qimonda.com |
Investor Relations Worldwide
|
|
Steve Harrison
|
|
+1 919 677 6904
|
|
steve.harrison@qimonda.com |
Investor Relations Europe & Asia
|
|
Andreas Schaller
|
|
+49 89 60088 1200
|
|
andreas.schaller@qimonda.com |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this press release to be signed on its behalf by the undersigned, thereunto duly authorized.
|
|
|
|
|
|
QIMONDA AG
|
|
Date: July 25, 2007 |
By: |
/s/ Kin Wah Loh
|
|
|
|
Kin Wah Loh |
|
|
|
Chief Executive Officer and
Chairman of the Management Board |
|
|
|
|
|
|
By: |
/s/ Dr. Michael Majerus
|
|
|
|
Dr. Michael Majerus |
|
|
|
Chief Financial Officer and
Member of the Management Board |
|
|