Samsung SDI publicly announced on the 28th that their 2015 1st quarter’s recorded $1.74 billion in sales, $6.3 million in operation profit, and $60.2 million in net profit for the term.
Offseason for battery business and change in products for main customers affected 2014 4th quarter’s sales and business profit in decrease by 41.2 million USD(-2.3%) and 28.3 million USD(-81.7%). Net profit for the term turned into profit thanks to benefit increase for equity method and decrease in one-time expenses.
Looking by sections, because of the offseason timing for battery, which is main source of business, sales and profit had decreased. Chemical business has reached 622 million USD in sales with change in business plan, which is 3% increase compared to previous quarter. Electric material business recorded 377 million USD in sales and showed positive results overall.
The company expects 2nd quarter to have better records and results in all the business departments. Increase in sales for battery business and electric materials are expected to lead the results to positive records.
Samsung SDI said, “Demand for small batteries in battery business will increase due to upcoming sales of smartphone117. Mid-sized batteries will be demanded more due to increase in electric vehicle (EV) and plug-in hybrid electric vehicle sales (PHEV). Also increase in sales for ESS151 is expected due to new home appliances for Europe releasing in 2nd quarter.”
Staff Reporter Park, Taejoon | gaius@etnews.com,Staff Reporter Sung, Hyunhee | sunghh@etnews.com