Samsung to maintain financial supremacy: S&P report

by CXOtoday News Desk    Aug 09, 2013

Samsung

A new report by Standard & Poor cited that Samsung will maintain its financial status over the next two years. The report revealed an A-plus rating to Samsung. According to TOI, in its base-case scenario, it is expected that Samsung will be able to maintain its earnings before interest, tax, depreciation and amortization (Ebitda) margin at around 22 percent over the next two years. 

 

“Despite industry volatility and intensifying competition, we expect SEC’s strong market position, good business diversification, and technological leadership to maintain its solid operating performance over the next one to two years,” the ratings firm said. The report also added that Samsung has been doing consistently well in the smartphone segment, this being one of its flagship products. The segment values at about 33 percent globally in the first half of 2013. However, shares of the company showed loss of 20 percent this year, being 0.4 percent down at 1,217,000.