Kium Securities reported on the second day that Samsung E&A’s third‑quarter results are expected to exceed market expectations. Researcher Shin Daehyun said, “Samsung E&A’s operating profit increased by 56.3% versus the same period last year, estimated at about KRW 2,760 billion,” adding that it is “above the market average of KRW 248.1 billion.”
In the discussion he noted that the Middle East conflict and a strong won could impose some pressure, but current conditions show no major change and profitability will remain high. He also said currency fluctuations would have negligible effect on operating profit and would be offset through hedging; revenue for Q3 is expected to reach about KRW 4.7 trillion.
Kium Securities added that “the previous actual results announced by the group company sales had ranged from KRW 3 trillion to 7 trillion, but this SAN 7 sale could lift overall group sales to at least KRW 16 trillion.” He emphasized that many sales will be expected in Q4 focused on semiconductor industry and that most of them will come from Samsung Electronics; the current P5–P6 stage still remains relevant.
The discussion concluded that the possibility of full‑year production is high, and while Q3 revenue may be slightly below forecast, most will be achieved in Q4 and year‑end group sales of KRW 7 trillion could be realized.