Samsung E&A Posts Q1 Operating Profit of 188.2 Billion Won... Demonstrates Growth Momentum After Portfolio Restructuring

Operating Profit Up 19.6% Year-on-Year

Balanced Contributions from Petrochemical, Advanced Industries, and New Energy Divisions

SAMSUNG E&A reported robust earnings growth in the first quarter, driven by balanced growth across its petrochemical and advanced industries divisions.

On April 23, SAMSUNG E&A announced its preliminary results for the first quarter of this year, posting sales of 2.2674 trillion won and operating profit of 188.2 billion won. Compared to the same period last year, sales increased by 8.1%, while operating profit grew by 19.6%. Net profit also rose by 3.9% to 163.3 billion won.

The company attributed this earnings growth to the full-scale recognition of revenue from large-scale petrochemical plants and domestic advanced industry plants. In particular, the adoption of innovative technologies such as artificial intelligence (AI), automation, and modules, which improved cost competitiveness, was cited as a key factor sustaining stable growth.

A breakdown of sales by division shows that the petrochemical division accounted for approximately half of total sales with 1.1299 trillion won, while the advanced industries and new energy divisions posted 574.2 billion won and 563.3 billion won, respectively, demonstrating a balanced portfolio. SAMSUNG E&A emphasized, "Following the portfolio restructuring at the beginning of this year, we have quickly demonstrated our capabilities with our first quarter results."

The company also achieved solid results in new orders, securing 4.6 trillion won in new contracts in the first quarter, which amounts to about 40% of the annual target. As a result, the order backlog has grown to 20.6 trillion won, securing approximately 2.3 years' worth of work based on projected 2025 sales.

A company representative stated, "We continue to achieve cost improvements through differentiation in execution based on innovative technologies," adding, "We will actively respond to changes in the global energy market and strive for sustainable growth."

Meanwhile, SAMSUNG E&A received notable external recognition in the first quarter. In the MSCI (Morgan Stanley Capital International) ESG (Environmental, Social, and Governance) evaluation, the company received an upgraded AA rating, up one level from the previous year, and achieved an A rating, up two levels, in the Carbon Disclosure Project (CDP) climate response assessment. SAMSUNG E&A plans to further solidify its position as an eco-friendly and global ESG leader, leveraging these positive evaluations from global institutions.

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