Results for the fiscal third quarter at the leading supplier of chips to the automotive industry reflected those strains, with quarterly revenue growth of 1% lagging analyst expectations even as profit margins widened.
Third-quarter revenue of 2.72 billion euros was below the consensus of 2.77 billion euros in a poll of analysts by Vara Research. Profit margin widened to 18.2% from 17.4% in the prior quarter, beating a consensus view of 18%. "We are doing our utmost to improve matters along the entire value chain and are working as flexibly as possible in the best interests of our customers," said Ploss."At the same time, we are continuously building up additional capacity."
"This is leading to production stoppages," said Ifo's Oliver Falck."The shortages of semiconductors will persist for some time to come."
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