Samsung SDI posts narrower first-quarter loss as European demand offsets US slowdown
Updated
Updated · Bloomberg · Apr 28
Samsung SDI posts narrower first-quarter loss as European demand offsets US slowdown
6 articles · Updated · Bloomberg · Apr 28
Samsung SDI reported a Q1 operating loss of 155.6 billion won ($106 million), 61% less than last year and well below analyst estimates of 270.7 billion won.
The smaller-than-expected loss sent Samsung SDI shares higher, continuing a strong rally for the South Korean battery maker.
Robust demand for energy storage systems and electric vehicles in Europe helped cushion the impact of reduced US EV support on the company's performance.
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