Background of 1Q 'Kkwang' Performance Revealed... Focus on Conference Calls of Samsung, Hynix, and Others

Major domestic conglomerates, including Samsung Electronics, will hold their confirmed Q1 earnings announcements and conference calls this week.

Samsung Electronics is scheduled to present the background of its Q1 performance, results by business division, and future management strategies during a conference call starting at 10 a.m. on the 27th.

[Image source=Yonhap News]

Samsung Electronics' previously disclosed preliminary Q1 results showed consolidated sales of 63 trillion KRW and an operating profit of 600 billion KRW. These figures represent decreases of 19% and 95.75%, respectively, compared to the same period last year. This marks the first time in 14 years since Q1 2009, when operating profit fell below the 1 trillion KRW mark, with 590 billion KRW recorded then. Especially since Samsung Electronics officially announced production cuts in its preliminary Q1 results, the upcoming conference call is expected to include detailed Q&A regarding the key reasons behind the production cuts, future semiconductor market outlook, and the production cut decisions.

Samsung affiliates holding earnings announcements on the same day include Samsung Engineering, Samsung SDI, and Samsung SDS. Samsung Biologics will announce its Q1 management results earlier on the 24th, and Samsung Electro-Mechanics will do so on the afternoon of the 26th.

LG Electronics will hold its Q1 earnings announcement and conference call in the afternoon of the 27th, the same day as Samsung Electronics. LG Electronics previously reported a preliminary operating profit of 1.4974 trillion KRW for Q1, down 22.9%. Sales were preliminarily estimated at 20.4178 trillion KRW, a 2.6% decrease. Among LG affiliates, LG Innotek, LG Display, and LG Energy Solution will announce their Q1 results on the 26th, while LG Chem will hold its Q1 earnings announcement and conference call on the 27th.

SK Hynix, which is also enduring the semiconductor industry downturn alongside Samsung Electronics, will announce its Q1 management results on the morning of the 26th. The market widely expects SK Hynix, which posted a 1.8984 trillion KRW loss in Q4 last year, to roughly double its deficit in Q1 this year. With an operating loss expected to exceed 3 trillion KRW, the conference call is anticipated to focus heavily on company-level responses to overcome the crisis.

Amid the achievement of Hyundai Motor and Kia surpassing 100,000 global electric vehicle sales in Q1 this year, Hyundai Motor will hold its Q1 earnings announcement and conference call on the 25th, and Kia on the 26th. Both Hyundai Motor and Kia are expected to record their highest-ever quarterly earnings in Q1. Market forecasts for Hyundai Motor’s Q1 operating profit stand at 2.82 trillion KRW, a 46% increase from the same period last year, with sales projected to rise 19.5% to approximately 36.18 trillion KRW.

This content was produced with the assistance of AI translation services.