[Overall Performance]
Revenue: KRW 10.31T, Operating Profit: KRW 736B
[Revenue]
Decreased by KRW 661B (-6.0%) compared to KRW 10.971T in Q3 2023
Decreased by KRW 695B (-6.3%) compared to KRW 11.005T in Q2 2024
[Operating Profit]
Decreased by KRW 94B (-11.3%) compared to KRW 830B in Q3 2023
Decreased by KRW 164B (-18.2%) compared to KRW 900B in Q2 2024
Despite a changing business environment with growing internal and external uncertainties, Samsung C&T aims to achieve annual targets for revenue and orders, backed by a diverse business portfolio and competitiveness in each sector.
The Engineering and Construction Group saw a decrease in performance YoY (Year-over-Year) due to the impact of the completion of large projects in Korea and overseas. The Trading and Investment Group experienced a decline due to a global economic slowdown but maintained stable performance thanks to its diverse portfolio, including solar energy projects.
The Fashion Group experienced a decrease in revenue due to declining consumer sentiment, the impact of the off-season, and extreme heat. Meanwhile, the Resort Group saw a YoY revenue increase driven by demand in its food and beverage and food supply businesses.
Samsung C&T is actively seeking business opportunities in the renewable energy and biotechnology sectors to secure new growth engines.
Drivers for future growth include participating in green hydrogen projects in Korea and green hydrogen EPC (Engineering, Procurement, and Construction) projects overseas, investing in innovative technology in next-generation biotherapeutics, and exploring new business opportunities.
Engineering and Construction Group
– Revenue: KRW 4.482T, Operating Profit: KRW 236B
[Revenue]
Decreased by KRW 800B compared to KRW 5.282T in Q3 2023
Decreased by KRW 433B compared to KRW 4.915T in Q2 2024
[Operating Profit]
Decreased by KRW 67B compared to KRW 303B in Q3 2023
Decreased by KRW 47B compared to KRW 283B in Q2 2024
Revenue and operating profit for the Engineering and Construction Group decreased YoY due to the impact of the completion of large projects in Korea and overseas.
Trading and Investment Group
– Revenue: KRW 3.186T, Operating Profit: KRW 71B
[Revenue]
Decreased by KRW 68B compared to KRW 3.254T in Q3 2023
Decreased by KRW 213B compared to KRW 3.399T in Q2 2024
[Operating Profit]
Decreased by KRW 18B compared to KRW 89B in Q3 2023
Decreased by KRW 1B compared to KRW 72B in Q2 2024
The Trading and Investment Group experienced a slight decline in performance YoY due to lower commodity prices and slower demand but stabilized due to strong solar development project performance in the U.S.
Fashion Group
– Revenue: KRW 433B, Operating Profit: KRW 21B
[Revenue]
Decreased by KRW 23B compared to KRW 456B in Q3 2023
Decreased by KRW 80B compared to KRW 513B in Q2 2024
[Operating Profit]
Decreased by KRW 12B compared to KRW 33B in Q3 2023
Decreased by KRW 31B compared to KRW 52B in Q2 2024
The Fashion Group experienced slightly decreased revenue and operating profit YoY due to weakened consumer sentiment in the fashion market, the impact of the off-season, and extreme heat.
Resort Group
– Revenue: KRW 1.022T, Operating Profit: KRW 76B
[Revenue]
Increased by KRW 77B compared to KRW 945B in Q3 2023
Increased by KRW 1B compared to KRW 1.021T in Q2 2024
[Operating Profit]
Decreased by KRW 17B compared to KRW 93B in Q3 2023
Increased by KRW 10B compared to KRW 66B in Q2 2024
Revenue for the Resort Group increased YoY due to strong performance with the growing demand for its F&B and food supply businesses. However, operating profits decreased due to a decline in park performance caused by rainy weather and extreme heat.
