Samsung SDI reported a significantly smaller first-quarter operating loss than analysts anticipated. Strong performance in energy storage and European electric vehicle markets helped mitigate headwinds in the United States.
- Q1 operating loss of 155.6 billion won ($106 million)
- Loss narrowed by 61% compared to previous periods
- Outperformed analyst expectations of a 270.7 billion won loss
- Growth in energy storage systems (ESS) provided critical support
- European EV demand offset weakening US market support
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