Record Financial Results and Future Growth Strategies Highlight Samsung Annual General Meeting
At the meeting, attended by shareholders and institutional investors, Samsung confirmed the strength of its recent fiscal performance. The company reported consolidated full-year financial statements for 2009 as operating profit of 10.9 trillion Korean won on sales of 136 trillion won. For the first time, Samsung achieved the double benchmark of consolidated sales of more than 100 billion won and operating profit of more than 10 trillion won.
“In 2009, following the global financial crisis, Samsung faced an extremely challenging business environment and cut-throat competition. However, we overcame this to achieve record financial results and make 2009 a year of great progress for Samsung,” said Geesung Choi, Samsung Electronics President and CEO.
In addition, the company reported continuing growth in brand value, illustrated by Samsung now ranking 19th in the Best Global Brands Index, with an estimated brand value of US$17.5 billion, according to Interbrand, the international brand consultancy.
The agenda for the meeting also covered the appointment of independent directors and members of the audit committee, and approval of the remuneration ceiling for the board of directors.
Highlights of the meeting’s business division reports and presentation of market leadership strategies are:
Semiconductor Business: In 2009, Samsung began mass production of the world’s first 40-nanometer DRAM chip and 30-nanometer NAND flash memory, increasing the company’s technological and competitive edge as the world’s largest memory chip manufacturer.
LCD Business: Samsung’s advantage in large-screen TV panels expanded in 2009 through pioneering high-end features such as LED backlights and 240Hz frequency technology, maintaining market leadership through high product quality and greater cost competitiveness.
Visual Display Business: In 2009, the company created a new product category through its introduction of LED TVs, strengthening Samsung’s standing in the premium TV market, and enhancing the company’s position as the world’s largest TV maker for four consecutive years.
Mobile Phones: Samsung gained market share in 2009 in the mobile phone market, launching new high-end touch screen mobiles and smart phones while implementing aggressive promotional campaigns in emerging markets.
Samsung executives outlined the company’s strategies for double-digit sales growth and increased profit in 2010, with the long-term objective of building the foundation for a century of world-class performance. Additionally, the company said it would increase corporate investment year-on-year in 2010, with new capital expenditures allocated flexibly based on changes in the external operating environment as well as business performance.
“This year, Samsung Electronics seeks to continue to be a ‘market creator’ by meeting the needs of our customers
and earning their confidence, while at the same time becoming a creative leader that contributes to the development of society,” Choi said. “To this end, we will pay keen attention to our customers’ needs and create a business environment where we can grow with creativity, ambition and trust.”
The company identified three main strategies for long-term success: Enhancing competitiveness through active and aggressive business strategies; developing new technologies as a growth engine for sustainable development; and expediting improvement in the speed and efficiency of the company’s major business units.
About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2008 consolidated sales of US$96 billion. Employing approximately 164,600 people in 179 offices across 61 countries, the company consists of seven independently operated business units: Visual Display, Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions, Semiconductor and LCD. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, memory chips, mobile phones and TFT-LCDs. For more information, please visit www.samsung.com.
삼성전자 개요
삼성전자는 반도체, 통신, 디지털 미디어와 디지털 컨버전스 기술을 보유한 글로벌 리더다. 삼성전자는 디지털 어플라이언스 부문, 디지털 미디어 부문, LCD 부분, 반도체 부문, 통신 네트워크 부문 등 5개 부문으로 이뤄져 있다. 세계에서 가장 빠르게 성장하는 브랜드인 삼성전자는 스마트폰, 디지털 TV, 메모리 반도체, OLED, TFT-LCD 분야에서 세계 선두 주자다.
웹사이트: http://www.samsung.com/sec
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9월 23일 15:00
