Samsung expects operating profit to halve

Samsung expects operating profit to halve in the spring compared to the same period last year. Because it is an expectation, the company does not say why that would be the case.

Operating profit is falling from 14.87 trillion Korean won a year ago to around 6.5 trillion won, according to Samsung. That is currently approximately 11.2 billion and 5 billion euros. Samsung gives such an expectation every quarter a few weeks before the presentation of the quarterly figures.

Last time’s decline was due to lower profits across all divisions, but the decline was mainly due to the smartphone and component business. It is obvious that it will now be the case again. The market for memory and storage, among other things, is still in the doldrums, while the smartphone market also shows few signs of new growth.

According to Samsung, turnover will also decrease, but the decrease is much less strong. Turnover is about 56 trillion won, compared to 58.5 trillion a year ago. That is a decrease of about 2.5 percent. Samsung will present its quarterly figures in a few weeks. Then it will also show more numbers and explain