[Concall] SK Innovation "SK On, Stable Yield and Operation Rate at US Plant 1 and Hungary Plant 2"
Q3 Earnings Conference Call
![[Concall] SK Innovation "SK On, Stable Yield and Operation Rate at US Plant 1 and Hungary Plant 2"](http://www.asiae.co.kr/news/img_view.htm?img=2022091517163933921_1663229799.jpg)
[Asia Economy Reporter Choi Seoyoon] On the 3rd, during the Q3 2022 earnings conference call, SK Innovation stated regarding SK On, "SK On mentioned its plan to improve profitability in the second half during the previous earnings announcement, and some visible results were achieved in Q3 this year." They added, "Various productivity improvement activities are underway, including the US Plant 1 and Hungary Plant 2, which started mass production at the end of last year and this year, respectively, and yield and operating rates are stabilizing."
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They continued, "We have pursued negotiations on OEM price adjustments due to cost increase factors such as rising metal prices." They said, "As a result of these efforts, profitability in Q3 improved significantly compared to the previous quarter, achieving a positive EBITA (Earnings Before Interest, Taxes, and Amortization). We are continuously striving to achieve management goals for the remaining Q4."
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