Samsung C&T posted KRW 43.162T in revenue and KRW 2.528T in operating profit for FY 2022, driven by strengthened business fundamentals and competitiveness, despite the global economic slowdown.
Its annual performance improved on the back of the Engineering & Construction Group’s solid rate of project progress and increased new orders from domestic and overseas customers, the Trading & Investment Group’s enhanced business competitiveness, the overall strong performance of the Fashion Group’s businesses, recovering leisure demand, and the steady growth of the company’s bio subsidiary. New orders for the Engineering & Construction Group reached KRW 17T, exceeding the annual goal of KRW 16.7T.
The company set a 2023 target of KRW 40.4T in revenue and KRW 13.8T in new orders, and will continue to strive for growth based on robust profitability.
Although the global economy is expected to remain sluggish, Samsung C&T will make efforts to execute profitable projects won by the Engineering & Construction Group, while maintaining stable earnings from the Fashion Group and the company’s biopharmaceutical subsidiary.
Samsung C&T will also go on developing and realizing new businesses in the fields of biopharmaceuticals, healthcare, and green energy.
FY 2022 Earnings
Overall Performance
- Revenue: KRW 43.162T, up KRW 8.707T (25.3%↑) from KRW 34.455T in FY 2021
- Operating Profit: KRW 2.528T, up KRW 1.332T (111.4%↑) from KRW 1.196T in FY 2021
Engineering & Construction Group
- Revenue: KRW 14.598T, up KRW 3.609T (32.8%↑) from KRW 10.989T in FY 2021
- Operating Profit: KRW 875B, up KRW 624B (248.6%↑) from KRW 251B in FY 2021
- New Orders: KRW 17T, exceeding upward adjusted annual target of KRW 16.7T
Trading & Investment Group
- Revenue: KRW 20.218T, up 2.864T (16.5%↑) from KRW 17.354T in FY 2021
- Operating Profit: KRW 397B, up 101B (34.1%↑) from KRW 296B in FY 2021
Fashion Group
- Revenue: KRW 2.1T, up KRW 234B (13.2%↑) from KRW 1.767T in FY 2021
- Operating Profit: KRW 180B, up KRW 80B (80.0%↑) from KRW 100B in FY 2021
Resort Group
- Revenue: KRW 3.344T, up KRW 567B (20.4%↑) from KRW 2.777T in FY 2021
- Operating Profit: KRW 129B, up KRW 72B (126.3%↑) from KRW 57B in FY 2021
Q4 2022 earnings
Overall Performance
- Revenue: KRW 10.648T, up KRW 883B (9.0%↑) from KRW 9.765T in Q4 2021
- Operating Profit: KRW 634B, up KRW 307B (93.9%↑) from KRW 327B in Q4 2021
Engineering & Construction Group
- Revenue: KRW 4.31T, up KRW 883B (28.0%↑) from KRW 3.148T in Q4 2021
- Operating Profit: KRW 241B, up KRW 108B (81.2%↑) from KRW 133B in Q4 2021
Trading & Investment Group
- Revenue: KRW 4.226T, down KRW 691B (14.1%↓) from KRW 4.917T in Q4 2021
- Operating Profit: KRW 18B, down KRW 22B (55.0%↓) from KRW 40B in Q4 2021
Fashion Group
- Revenue: KRW 542B, up KRW 16B (3.0%↑) from KRW 526B in Q4 2021
- Operating Profit: KRW 48B, up KRW 28B (140.0%↑) from KRW 20B in Q4 2021
Resort Group
- Revenue: KRW 883B, up KRW 153B (21.0%↑) from KRW 730B in Q4 2021
- Operating Profit: KRW 12B, down KRW 5B (29.4%↓) from KRW 17B in Q4 2021
