The South Korean battery manufacturer Samsung SDI published its results for Q3 2020 on October 27, 2020. The following figures were published by Samsung SDI Co. Ltd. ADR in its 2020 Q3 earnings call.
Q3 Key results:
- Revenue grew a solid 20.7% QoQ and 20.2% YoY
- The Li-ion battery business was the main growth driver
- Increase in sales in Q4/2020 expected due to ramp-up of EV battery sales for European automakers and larger energy storage sales in North and South America
3Q20 Earnings and Financial Status
3Q20 Earnings and Forecast
Large-sized LIB
Q3: Revenue increased QoQ
- EV battery revenue increased due to seasonality and European EV subsidy policy
- ESS revenue slightly declined, while the portion of overseas has increased
Q4: Sales to increase significantly
- EV battery sales to grow with strong demand for European clients
- ESS supply to expand for utility projects in the US
Small-sized LIB
Q3: Revenue increased significantly QoQ
- Cylindrical revenue increased with recovered demand of PT – Mobility
- Pouch revenue and profitability improved with peak seasonality and launch of new S/phones
Q4: Shipment to decrease slightly due to cylindrical
- Cylindrical slightly to go down due to clients’ inventory adjustment
- Pouch shipment to maintain a similar level through mass models and new S/Phones for overseas clients
Download the official earning releases from Samsung SDI in 2020
Q4/2020: to be released
Q3/2020: Source
Q2/2020: Source
Q1/2020: Source
Financial Statement Samsung SDI Y15-Y19
| 2015 | 2016 | 2017 | 2018 | 2019 | |
| EBITDA(￦B) | 395.9 | -471.3 | 576.8 | 1,297.2 | 1,318.2 |
| Liabilities Ratio | 44.2% | 35.9% | 37.5% | 58.3% | 56.8% |
| Net Debt Ratio | -0.7% | -8.5% | 1.4% | 13.4% | 18.4% |
| ROE | 0.58% | 2.02% | 5.98% | 6.05% | 2.94% |
| PBR | 0.73 | 0.70 | 1.24 | 1.26 | 1.31 |
| PER | 149.0 | 35.0 | 21.9 | 22.0 | 46.6 |
