Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Samsung Appliances Drive Revenue, 1Q Profit Still Down 30%
May 4, 2011
 Printable format
 Email this Article
 Search

South Korea's Samsung Electronics Company reported first quarter 2011 revenues of 36.99 trillion Korean won (approx US$24.5 billion), up 7% from the first quarter of 2010, but also reported a net income of 2.78 trillion won, 30% less than 1Q 2010.

Samsung's Digital Media & Appliances business, as well as its Telecom and Semiconductor businesses, drove 1Q revenue growth. Operating profit of 0.10 trillion won (approx. $93 million) for Digital Media & Appliances marked a turnaround from the previous quarter. Digital Media & Appliances 1Q revenues were 13.52 trillion won (approx. $12.6 billion).

Growth in emerging markets and brisk sales in Europe of premium refrigerators, washing machines, and air-conditioners drove up revenue 13% compared with 1Q 2010.

Samsung will continue focusing on the launch of new premium and eco-friendly products in its appliance business, as well as enhancing global production efficiency.

Overall shipments of flat panel TVs fell 31% to 8.8 million units from the previous quarter. Profit was driven by increased sales of LED TVs, which now make up 39% of TV sales.

Emerging markets sales of LED TVs grew 420% year-on-year. For the remainder of 2011, sales of flat panel TVs are expected to remain slow in advanced countries, with emerging markets forecast to take up 55% of total demand by year end.

Back to Daily News

 

Daily News

...........................................................

Dec 19, 2014: Whirlpool Corp. provides guidance for 2015

Dec 19, 2014: Panasonic to showcase built-in appliances at LivingKitchen 2015

Dec 19, 2014: New residential construction in November 2014

Dec 19, 2014: 2014 U.S. steel production up 0.7% from 2013

Dec 19, 2014: Strong North American PCB Order Growth in October

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows