Samsung SDI Sales Reach 5.9 Trillion Won... Highest Q3 Performance Ever

Samsung SDI announced on the 26th that it achieved sales of 5.9481 trillion KRW and an operating profit of 496 billion KRW in the third quarter of this year. Sales increased by 10.8% compared to the same period last year, setting a record high for the third quarter, but operating profit decreased by 12.3%.

Samsung SDI explained, "Sales increased due to strong sales of automotive batteries," adding, "Operating profit from automotive prismatic and cylindrical batteries increased by more than 60% compared to the previous year."

The operating profit of the battery division was 411.8 billion KRW, down 15.1% from a year ago but up 6.1% from the previous quarter. Sales increased by 10.5% to 5.3384 trillion KRW, and the operating profit margin was 7.7%. Among medium and large batteries, automotive batteries recorded the highest quarterly profitability. This was influenced by the early expansion of the new line in Hungary, which increased sales of the P5 model installed in premium vehicles of major customers. ESS batteries saw a slight decrease in sales due to demand waiting for new products in the fourth quarter. Small batteries maintained sales at the previous quarter's level. Cylindrical batteries experienced a slight increase in sales due to expanded sales driven by increased demand for automotive batteries, despite delayed recovery in demand for power tools. Pouch-type batteries saw a slight decrease in sales due to a slowdown in IT front-end demand.

The electronic materials division recorded sales of 608.2 billion KRW and an operating profit of 84.2 billion KRW, achieving an operating profit margin of 13.8%. Compared to the previous year, sales and operating profit increased by 13.9% and 3.8%, respectively. Display materials saw improved sales and profitability as demand expanded for mobile OLED and large-area TV polarizing films despite stagnation in front-end demand. Semiconductor materials sales declined due to weakened demand from major customers.

Regarding the outlook for the fourth quarter, Samsung SDI stated, "With expanded sales of new products and recovery in the front-end market conditions, both sales and operating profit are expected to improve compared to the same period last year and the previous quarter."

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