Samsung Electro-Mechanics Posts 17% Growth in 4Q2020 Sales


Reading time ( words)

Samsung Electro-Mechanics has reported sales of KRW 2.0864 trillion ($1.87 billion at $1:KRW1,115.97) for the fourth quarter of 2020, up by 17% compared to the same quarter of the previous year. Operating income for the period reached KRW 252.7 billion ($226.4 million), an increase of 73% compared to the same period in 2019.

The company attributes the earnings improvement to the revenue growth from its MLCC, package circuit board, and OLED rigid-flex PCB (RFPCB) segments due to the growth in the 5G telecommunications market.

For the full year 2020, Samsung Electro-Mechanics recorded total sales of KRW 8.2087 trillion ($7.36 billion) and operating income of KRW 829.1 billion ($742.99 million), up by 6% and 12%, respectively, compared to the previous year.

The company's Circuit Boards Business recorded revenues of KRW 557.9 billion ($499.96 million) in the fourth quarter, up by 23% on a quarter-on-quarter basis. Performance improved with the growth in demand for mobile APs, package circuit boards, and OLED RFPCBs.

This year, the company plans to improve profitability of its Circuit Boards business by expanding its supply of package circuit boards, including 5G, automotive, and thin-plate CPU circuit boards, amid increasing demand driven by the expected improvement in the semiconductor market.

Share

Print


Suggested Items

I-Connect007 Editor’s Choice: Five Must-Reads for the Week

01/29/2021 | Andy Shaughnessy, I-Connect007
This week, we have a variety of news and articles to share, and it’s all positive. We have a new president, and he’s pledging to help American businesses. December PCB sales were up 4.5% over the same period a year ago. Atotech is just about ready to launch an IPO. Sunstone has tweaked its free CAD tool, PCB123, to make it even easier for designers to receive their Gerber files. And columnist John Watson breaks down what we all learned during the chaos that was 2020.

I-Connect007 Editor’s Choice: Five Must-Reads for the Week

11/27/2020 | Nolan Johnson, I-Connect007
Well, it’s the last Friday in November. On any normal year in the U.S., this would be “Black Friday” because, for many retailers, the kickoff to the holiday season’s shopping spree is the source for most of the operating income for the year. While it remains to be seen how exactly how much traditional in-store and online retailing will rake in, with the varied pandemic lockdowns, it’s clear that readers wanted to get the latest electronics industry sales numbers!

An Update on Walt Custer’s EIPC Business Outlook Webinar

10/12/2020 | Pete Starkey, I-Connect007
“We’re not out of trouble yet, but it’s a whole lot better than a couple of months ago.” Walt Custer’s business outlook update, with emphasis on the European electronics industry, attracted a capacity audience to EIPC’s webinar on October 2. Pete Starkey details how it wasn’t all bad news.



Copyright © 2021 I-Connect007. All rights reserved.