Samsung Electro-Mechanics' sales to exceed 10 trillion won for the first time in 2024

Samsung Electro-Mechanics' sales exceeded 10 trillion won for the first time in 2024, thanks to its expansion in the automotive MLCC and server substrate businesses. Although its operating profit in the fourth quarter was lower than market expectations due to the sluggish IT market, profitability is expected to improve significantly in the first quarter of this year.