Samsung won 7,066 million euros in the second trimester, 73.2% more

The South Korean technological giant Samsung Electronics has announced that it scored a net profit of 9.63 billion won (about 7,066 million euros), 73.2% year-on-year, thanks to the impulse of its semiconductor branch.

The company also achieved by April-June a gross exploitation (EBITDA) benefit of 12,88 billion won (9,444 million euros), 65.76% more than in the same period of 2020.

Samsung also registered an operational gain of 12.57 billion won (9,216 million euros), 54.23% more, and increased its turnover by 20.2% to 63.67 billion won (46,685 million euros
).

The data is in line with the forecast of results that the world’s greatest manufacturer of memory chips published this month and who has already exceeded initial expectations.

In a statement, Samsung attributed the good April-June data to which “the conditions of the market market improved” or the standardization of operations at its South US semiconductor plant, which stopped its activity one month at the beginning of the year by
The historic snowfall that hit Texas.

In turn, he said that his efficient management of the global supply chain “contributed to maintaining solid profitability” for its finished products at a time marked by the shortage of integrated circuits.

However, this did not prevent your telephone division from seeing a drop in your turnover before the “scarcity of supply of components”, although Samsung said it managed to maintain the operational profitability of this branch during the second trimester.

Its semiconductor division, the most important of the group, saw a “significant” improvement thanks to that “the requests for memories exceeded the previous forecast and price increases were greater than expected” since the company improved its competitiveness in terms of
Costs

In turn, the strong demand strengthened its consumer electronics division and the price increase benefited its screens business.

For the second half of the year Samsung expects market conditions to “remain favorable” for their chip industry and in its telephony section the company will seek to “maintain its profitability” strengthening its leadership in the high-end product category.

“Still,” the company said “It is likely to persist the risks of repeated interruption in the supply of components and uncertainties related to the COVID-19”.