Samsung El.gdr Regulatory News (SMSN)

25 Apr 2008 07:00

Samsung Electronics Co. Ld25 April 2008 April 25, 2008 Earnings Release Q1 2008 Samsung Electronics Disclaimer This document is provided for the convenience of investors only, before ourexternal audit on Q1 2008 financial results of our headquarters is completed. The audit outcomes may cause some parts of this document to change. This document contains "forward-looking statements" - that is, statementsrelated to future, not past, events. In this context, forward-looking statementsoften address our expected future business and financial performance, and oftencontain words such as "expects," "anticipates," "intends," "plans,""believes," "seeks," or "will." Forward-looking statements by their natureaddress matters that are, to different degrees, uncertain. For us, particular uncertainties which could adversely or positively affect ourfuture results include: the behavior of financial markets including fluctuationsin exchange rates, interest rates and commodity prices; strategic actionsincluding dispositions and acquisitions; unanticipated dramatic developments inour major businesses including Semiconductor, LCD, Telecommunication, DigitalMedia and Digital Appliances; and numerous other matters at the national andinternational levels which could affect our future results These uncertainties may cause our actual results to be materially different fromthose expressed in this document. Sales and Profits (Unit : Trillion, KRW) 1Q 08 Q-on-Q 4Q 07 1Q 07 Y-on-YSales 17.11 -2% 17.48 14.39 19%Gross Profit 4.69 -4% 4.86 3.44 36% (Margin) (27%) (28%) (24%)SG&A 2.53 -18% 3.08 2.26 12%Operating Profit 2.15 21% 1.78 1.18 82% (Margin) (13%) (10%) (8%)Non-operating Income 0.46 -39% 0.76 0.66 -30%Pretax Income 2.62 3% 2.54 1.84 42%(Margin) (15%) (15%) (13%)Income Tax 0.43 29% 0.33 0.24 77%Net profit 2.19 -1% 2.21 1.60 37% (Margin) (13%) (13%) (11%) Divisional Performance - Sales (Unit : Trillion, KRW) 1Q 08 Q-on-Q 4Q 07 1Q 07 Y-on-YSemiconductor 4.39 -11% 4.91 4.48 -2%(Portion) (26%) (28%) (31%)LCD 4.34 -3% 4.46 2.84 53%(Portion) (25%) (25%) (20%)Telecommunication 5.55 3% 5.37 4.60 21% (Portion) (32%) (31%) (32%)Digital Media 1.83 12% 1.64 1.55 18% (Portion) (11%) (9%) (11%)Appliances 0.82 -4% 0.86 0.77 6% (Portion) (5%) (5%) (5%)Total 17.11 -2% 17.48 14.39 19% Consolidated basis Sales* (Unit : Trillion, KRW) 1Q 08 4Q 07 1Q 07Semiconductor 4.87 5.35 4.98LCD 3.65 4.16 2.27Telecommunication 6.65 6.62 5.41Digital Media 7.42 8.68 5.51Appliances 1.83 1.69 1.54 \* The consolidated sales figures are net sales (They exclude intersegment sales) ** Including intersegment sales, consolidated sales for 1Q '08; Semiconductor - 5.33 trillion won, LCD - 5.15 trillion won. Divisional Performance - Operating Profit (Unit : Trillion, KRW) 1Q 08 Q-on-Q 4Q 07 1Q 07 Y-on-YSemiconductor 0.19 -55% 0.43 0.54 -64% (Margin) (4%) (9%) (12%)LCD 1.01 10% 0.92 0.07 1,278%(Margin) (23%) (21%) (3%)Telecommunication 0.92 57% 0.58 0.60 53% (Margin) (16%) (11%) (13%)Digital Media 0.03 - -0.13 -0.04 - (Margin) (1%) (-8%) (-2%)Appliances 0.02 - -0.03 - - (Margin) (3%) (-4%) (0%)Total 2.15 21% 1.78 1.18 82% (Margin) (13%) (10%) (8%) Consolidated basis operating profit* (Unit : Trillion, KRW) 1Q 08 4Q 07 1Q 07Semiconductor 0.20 0.52 0.63LCD 1.08 0.97 0.11Telecommunication 1.06 0.63 0.77Digital Media 0.21 0.39 0.20Appliances 0.03 0.01 0.03 \* The consolidated OP is provided to enhance the understanding of the investors. Financial Position (Unit: Trillion KRW) 1Q 08 FY 07 FY 06Assets 67.5 65.2 57.8 Cash* 7.2 7.8 6.4 A/R & Inventories 5.9 5.1 5.1 PP & E 30.7 29.8 28.8 Other Assets 23.7 22.5 17.6Liabilities 14.4 13.7 12.6 Debt 0.1 0.1 0.1 Other Liabilities 14.3 13.6 12.5Shareholders Equity 53.1 51.6 45.2Debt / Equity 0.2% 0.2% 0.2%Net Debt / Equity -13.4% -15.0% -13.9%Return on Equity 16.7% 15.3% 18.7%Return on Asset 13.2% 12.1% 14.6% * Cash = cash + cash equivalent + short-term financial instruments + marketablesecurities Cash Flow (Unit: Trillion KRW) 1Q 08 4Q 07Cash* (Beginning of period) 7.81 5.47Cash flow from Operation 2.67 5.27Net Profit 2.19 2.21Depreciation 1.88 1.86Income(Loss) from equity method -0.52 -0.72Increase(decrease) in working -0.88 1.92capital, etcCash flow from Investment -3.29 -2.95CAPEX -2.83 -2.11Cash flow from Finance 0.01 0.03Dividend - -Decrease of Short-term borrowings - -Repurchase of Shares - - Proceeds from sales of shares 0.01 0.03 Under stock option planNet increase in cash -0.61 2.34Cash (End of period) 7.20 7.81 * Cash = cash + cash equivalent + short-term financial instruments + marketablesecurities ** '08 Consolidated capital expenditures for the company: over 11 trillion won - Capex for the Memory: Over 7 trillion won, for the LCD: Over 3.7 trillionwon For a detailed presentation of our 1Q 2008 results including business outlook, Please refer to the following link : http://www.samsung.com/ir This information is provided by RNS The company news service from the London Stock Exchange