[Concall] Samsung SDI "Russia-originated European power cost burden offset by high-value products and exchange rate effects"
Q3 Earnings Conference Call
![[Concall] Samsung SDI "Russia-originated European power cost burden offset by high-value products and exchange rate effects"](http://www.asiae.co.kr/news/img_view.htm?img=2021110213552693346_1635828926.png)
[Asia Economy Reporter Choi Seoyoon] On the 26th, Samsung SDI stated in its Q3 2022 earnings conference call that "the ongoing Russia-Ukraine war and Russia's reduction or suspension of natural gas supply to Europe caused electricity prices in Europe to continue rising until August, which also increased Samsung SDI's costs."
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Samsung SDI added, "Nevertheless, strong quarterly sales growth, an increased proportion of high value-added products, and favorable exchange rate effects offset the cost burden caused by rising electricity prices, resulting in a significant improvement in profitability. Recently, with the stabilization and decline of electricity prices, the cost burden has been reduced, and we are making efforts to minimize the impact by implementing domestic and international energy-saving measures and reviewing self-power generation plans."
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