Samsung expects profit up 53% in Q1

by bold-lichterman

Samsung today announced a forecast operating profit of € 6 billion for the first quarter of 2013, an increase of 52.9% compared to the previous year. A few weeks before the publication of its final results on April 26, the world leader in electronics in terms of turnover should nevertheless record for the first time in five quarters a lower result.

With a forecast of turnover of 36.6 billion €, the South Korean group recorded a decrease of 7.2% compared to the previous quarter … But an increase of 14.9% compared to the first quarter of 2012.

Samsung has sold an average of 25M smartphones per month since the start of the year. It has thus sold more than 70M units since the beginning of the year, against 63M a year earlier, thus consolidating its position as world number one in a sector which represents 70% of its income. The group has thus gone from 32% PdM at the end of 2012 to 35% PdM currently.

According to its suppliers, Samsung would aim to sell 500M phones in 2013, smartphones and conventional mobiles combined.

Photo credit: K. Jakubowska /