Samsung exceeds forecasts in the first quarter

Samsung Electronics’ latest business figures have significantly exceeded market expectations. The South Korean electronics giant is forecasting an operating profit of 6.6 trillion won (approx. 4.1 billion euros) for the months of January to March.

Although this represents a slight decline of just under 0.2% compared to the same period last year, most economists were forecasting much weaker figures.

According to a survey conducted by South Korea’s official news agency Yonhap, the company even exceeded experts’ forecasts by an average of over 33%.

According to experts, Samsung ‘s positive figures may also be due in part to the tariffs on semiconductors announced by US President Donald Trump. This is because customers may have brought forward their purchases in recent weeks in anticipation of higher sales prices in the smartphone segment. As one of the global market leaders in the smartphone segment, Samsung is likely to have benefited particularly strongly from this one-off effect.

Samsung Electronics’ business figures are only an initial estimate. The Group will only publish more precise figures at a later date, probably at the end of the month.

dpa