Samsung Electro-Mechanics Q4 2022 Earnings
- ▶Revenue of KRW 1.9684 trillion and operating income of KRW 101.2 billion in Q4
- ▶Revenue of KRW 9.4246 trillion and operating income of KRW 1.1828 trillion in 2022
- ▶Plans to expand growth businesses centered on high value-added products such as for automobiles and servers in 2023
Samsung Electro-Mechanics posted revenue of KRW 1.9684 trillion and operating income of KRW 101.2 billion on a consolidated basis in the fourth quarter of 2022.
This marks QoQ decreases of KRW 415.3 billion (17%) in revenue and KRW 209.8 billion (67%) in operating income, and YoY decreases of KRW 461.5 billion (19%) in revenue and KRW 215 billion (68%) in operating income.
Q4 earnings fell QoQ and YoY as the supply of major products such as MLCC (Multi-Layer Ceramic Capacitor) for IT, camera modules, and BGA (Ball Grid Array: package substrates for mobile devices) decreased due to slowing set demand and the off-season effect.
In fiscal year 2022, the company recorded revenue of KRW 9.4246 trillion and operating income of KRW 1.1828 trillion, down 3% and 20% compared to the previous year, respectively.
(※ 2021 earnings: Revenue of KRW 9.675 trillion, operating income of KRW 1.4869 trillion)
Although business uncertainties are expected to continue in 2023, Samsung Electro-Mechanics plans to focus on improving its business structure by expanding businesses related to growth markets such as automobiles and servers.