Samsung SDI noted on the 24th, "This year's performance will gradually improve, starting from the first quarter as the low point."
Kim Jong-sung, head of the management support office at Samsung SDI, said during the conference call for last year's fourth quarter earnings announcement that "Due to demand softness and policy uncertainties, major clients are adjusting their inventories, making it difficult for performance to recover in the short term. Performance is expected to improve in earnest from the second half of the year when uncertainties are resolved."
Samsung SDI reported that its fourth quarter results last year recorded revenue of 3.7545 trillion won and an operating loss of 256.7 billion won. Compared to the fourth quarter of last year, revenue decreased by 28.8% and it turned to a deficit. This is the first time Samsung SDI recorded a quarterly loss since the first quarter of 2017, when it reported a loss of 67.3 billion won.
Last year's overall performance was tallied at revenue of 16.5922 trillion won and an operating profit of 363.3 billion won. Compared to the 2023 performance, revenue decreased by 22.6% and operating profit decreased by 76.5%.