REG - Samsung Electronics - 1Q 2023 Pre-Earnings Guidance

Samsung Electronics CoAnnouncement

11/04/2023 07:00

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RNS Number : 7093V  Samsung Electronics Co. Ld  07 April 2023

 

 

Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD), on April 7,
2023, announced its earnings guidance for the first quarter of 2023.

∙ Consolidated sales: Approximately 63 trillion Korean won

∙ Consolidated operating profit: Approximately 0.6 trillion Korean won

The above estimates are based on K-IFRS. Please note that Korean disclosure
regulations do not allow earnings estimates to be offered as a range. To
comply with such regulations, the above figures represent the median of the
estimate ranges provided below.

∙ Sales: 62 trillion to 64 trillion Korean won

∙ Operating profit: 0.5 trillion to 0.7 trillion Korean won

 

※ The above information is provided for the convenience of our investors
before the external audit on the financial results of our headquarters,
subsidiaries and affiliates is completed. The statements contained herein
include statements of future expectations and other forward-looking statements
that are based on management's current views, expectations and assumptions and
involve known and unknown risks and uncertainties that could cause actual
results, performance or events to differ materially from those expressed or
implied in such statements. In addition to statements which are
forward-looking by reason of context, the words "may", "will", "should",
"expects", "plans", "intends", "anticipates", "believes", "estimates",
"predicts", "potential", or "continue" and similar expressions identify
forward-looking statements. Actual results, performance or events may differ
materially from those in such statements due to, without limitation, (i)
general economic conditions, including in particular economic conditions in
Samsung Electronics Co., Ltd's ("SEC") core businesses and core markets, (ii)
performance of financial markets, including emerging markets, and including
market volatility, liquidity and credit events, (iii) currency exchange rates,
(iv) changing levels of competition, (v) changes in laws and regulations, (vi)
general competitive factors, in each case on a local, regional, national
and/or global basis. The matters discussed herein may also be affected by
risks and uncertainties described from time to time in SEC's filings with the
Korea Stock Exchange (KRX), FSS (Korea), and Samsung Website. Further
information about risks and uncertainties affecting Samsung Electronics Co.,
Ltd. is included throughout our most recent annual and interim reports, as
well as our most recent earnings release, which are available on
https://www.samsung.com/global/ir. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove incorrect,
actual results, performance or achievements of SEC may vary materially from
those described in the relevant forward-looking statement, and all such
statements are subject to certain risks and uncertainties that could cause our
actual results to be materially different from those expressed herein. The
company assumes no obligation to update any forward-looking statement.

 

 

 

 

 

 

 

 

SEC 1Q23 Pre-Earnings Guidance Reference Material

 

Samsung Electronics recorded a significant decline in results
quarter-on-quarter mainly

due to effects of weak IT demand in the component businesses. In the Memory

Business, earnings were heavily impacted by deteriorated purchasing sentiment
and

effects of continued inventory adjustments at customers, while results at
S.LSI were

weighed on by the economic slowdown and SDC saw a seasonal decline.

 

The Company has been focusing on ensuring sufficient memory supply to prepare
for

potential production bit growth challenges associated with transitions to
advanced

processes. However, as we have now achieved sufficient supply capability for
certain

products, we plan to cut production of those products while maintaining our
ongoing

efforts to prepare for the future, which include optimizing line operations
and

increasing the portion of engineering runs.

 

We maintain our projections on the strength of mid- to long-term demand and
will

thus continue to invest in infrastructure while also increasing the R&D
portion of our

investments to further strengthen our technology leadership.

 

 

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