Samsung E&A disclosed on the 23rd that it recorded an operating profit of 273.1 billion won in Q2, up 51.0% year-on-year, with revenue reaching 2.6093 trillion won, a 19.8% increase from the same period last year. The earnings improvement was driven by the full-scale reflection of large project revenues and improved project cost structures. The company attributed the results to its selective order strategy and differentiated execution through innovation, stating that cost improvements continue through AI, automation, and modular technologies.
Q2 Results Exceed Market Consensus
The Q2 performance surpassed market expectations. Yonhap Infomax compiled a consensus from 12 major domestic securities firms within the past month, which projected Samsung E&A's Q2 consolidated operating profit at 215.3 billion won and revenue at 2.5334 trillion won. The actual operating profit of 273.1 billion won exceeded the consensus by 26.9%, while revenue of 2.6093 trillion won came in 3.0% above projections.
![Samsung E&A headquarters building [Source: Yonhap News file photo]]()
Samsung E&A headquarters building [Source: Yonhap News file photo]
First-Half Operating Profit Reaches 461.3 Billion Won
For the first half, Samsung E&A reported operating profit of 461.3 billion won, up 36.4% year-on-year, revenue of 4.8767 trillion won, up 14.0%, and net profit of 345.8 billion won, up 15.7%. The company stated that its quality-focused selective order strategy and differentiated execution through innovation have produced concrete results.
Chemical Segment Generates 2.2031 Trillion Won Revenue
By segment in the first half, the chemical division recorded revenue of 2.2031 trillion won, the advanced industry segment generated 1.4122 trillion won, and the new energy segment contributed 1.2614 trillion won. The diversified portfolio across three major business areas supported the overall revenue growth.
Company Secures 7.6 Trillion Won New Orders in First Half
Samsung E&A recorded new orders of 3 trillion won in Q2 and 7.6 trillion won for the first half. By segment, the chemical division secured 3.4 trillion won in new orders, while the advanced industry and new energy segments won 2.4 trillion won and 1.8 trillion won respectively. The order backlog stands at 22.7 trillion won, equivalent to approximately 2.5 years of work.
Samsung E&A Maintains 12 Trillion Won Annual Order Target
At the beginning of the year, Samsung E&A set annual targets of 12 trillion won in new orders, 10 trillion won in revenue, and 800 billion won in operating profit. The company has already exceeded its order and revenue targets in the first half. Samsung E&A projects that it can comfortably achieve its operating profit target as project revenue recognition is expected to accelerate in the second half. A company official stated that Samsung E&A will do its best to achieve its annual targets through quality project orders and continuous cost competitiveness.
FAQ
What operating profit did Samsung E&A record in Q2?
Samsung E&A disclosed on the 23rd that it recorded an operating profit of 273.1 billion won in Q2, representing a 51.0% increase compared to the same period last year.
How much did Samsung E&A's Q2 results exceed market expectations?
The Q2 operating profit of 273.1 billion won exceeded the market consensus of 215.3 billion won by 26.9%, while revenue of 2.6093 trillion won came in 3.0% above the projected 2.5334 trillion won.
What is Samsung E&A's order backlog as of the first half?
Samsung E&A's order backlog stands at 22.7 trillion won, which represents approximately 2.5 years of secured work.
