Samsung 2001 Annual Report Download - page 9

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DDR SDRAM ships Mar 2 1.3- and 1.4-GHz Pentium 4 PCs ship in Korea Mar 13 Mobile phones No. 1 in
Que Choisir
survey (France) 07
Dear Customers, Partners, and Shareholders,
After delivering such an impressive performance in 2000 that included a 31% growth
in sales, a 66% growth in operating profit, and a 90% growth in net income despite a
host of negative external factors, we were cautiously optimistic about repeating the per-
formance in 2001. Nothing could have prepared us for the challenges that the year would
bring, including a devastating crash in memory prices, a stagnant IT sector, and a glob-
al economic chill that turned even colder in the wake of the terrorist attacks in the U.S.
At the end of Q1, operating profit was up 10% from Q4 2000 despite a 5% decline
in sales as all business units performing roughly at the same level as the previous year.
In retrospect, these Q1 results would provide about two-thirds of the 2001 operating
income for the Digital Media System and Home Appliances units as well as the large
cushion that would prevent an operating loss for the Semiconductor unit.
a revolution.
And we’re right in the middle of it…”
by Unit >> Digital Media Network W9,438.4 +0.9
-69% Net Income W2,946.9 -51% Sales in Korea
⇢