The spectacular reminder of the Galaxy Note 7 has, for the moment, depressed the profits of Samsung Electronics. The giant world revealed on Friday morning that it anticipated an increase, year-on-year, to 5.5% of its operating profit in the third quarter. The south Korean group, which will present its financial results detailed later in the month think you have generated 7.800 billion won of profit in the last three months, which is € 6.3 billion. A performance he achieved while retaining a 5.2% reduction of its quarterly sales to be about 49,000 billion won.
in Seeking to dissect these first figures, analysts estimate that the recall, since the beginning of September, “phablets running” Galaxy Note 7, of which a few dozen copies have seen their battery to overheat to the point sometimes of ignite, has prevented Samsung Electronics deliver benefits even wider. L
organization of a change or a replacement of the 2.5 million smartphones that are suspected of being equipped with a defective battery would have, according to the south Korean agency Yonhap, already cost Samsung about 1,500 billion won (1.2 billion euros) and would have slowed down the sales of its latest device featured. Only 3 million Galaxy Note 7 have been sold since the release of the smartphone in August, when the first projections made before the discovery of incidents estimated 6 million units during the launch phase. But Samsung, which has already recovered 60% of the “phablets running” officially recalled, hope that he will redo a part of the delay in the coming months, especially in South Korea and the United States, the two markets most affected by the recalls.
The experts who had, for the most part, predicted a decline or a slowdown, in the third quarter, profits of operations for the giant believe that its other divisions compensated for, these last few months, setbacks in the mobile business. Thus, the poles in charge of the production and sale of semi-conductors and the slabs would have known sequences are exceptional. “The figures should show that the activities screens and memory chips are the two growth engines of Samsung”, summed up, in the morning, to AP, Kim Young Woo, an analyst of SK Securities. Orders for DRAM memory, which equips the mobile devices of all brands, and screens organic light emitting diodes referred to as “OLED”, which are adopted by more and more manufacturers of smartphones and tablets to boost the activity of Samsung Electronics, is the global leader in these two segments.
in Anticipation of accelerating conversion to the OLED, the analysts believe that the profits of Samsung Electronics are still expected to jump in the next few months, when he will have fully digested the crisis of the Galaxy Note 7. Animated by this same spirit of optimism, investors were making progress on this Friday noon the title of the south Korean group of 0.53 per cent on the place of Seoul. Now exceeds 1.700.000 won, the action moves above its peak of last August, reached just before the case battery “explosive”.
aircraft Lease : the chinese Bohai offers CIT for $ 10 billion
HNA continues its conquest of the sky. The chinese giant, recently assembled in the capital of the brazilian company Azul, and the australian Virgin Australia, comes to lay his heart on the activities of leasing aircraft to the group american financial CIT Group for 10 billion dollars. The transaction will allow Avolon Holdings, a division of the chinese Bohai Leasing which HNA is the majority shareholder, emerge as the third largest in the world of aircraft leasing, with a fleet of 910 aircraft valued at more than $ 43 billion, according to a press release Avolon. The transaction should be finalized during the first quarter.
by itself, this operation will double the amount already spent on the acquisition by HNA since the beginning of the year, calculates the agency Bloomberg. The group – which takes its name from the airline Hainan Airlines, has been one of the first to venture outside of its borders. Servair, and Swissport, Avolon, Pierre&Vacances, Aigle Azur, etc… HNA multiplies the acquisitions in particular, to strengthen themselves in the sector of tourism and travel.
The transaction will generally accelerate the growth of Avolon, the irish company acquired a 13-month to $ 7.6 billion, now in the bosom of the listed subsidiary Bohai Leasing. Avolon will double in size, with 154 clients in 61 countries, compared to 69 customers in 20 countries currently, welcomes the company.
With an air traffic growth of 8 % per year, still well above the world average, the need for new aircraft from asian companies for the next 20 years are estimated at more than 5,000 billion dollars and cannot be funded only by the airlines. Hence the growing role of lessors who already provide 50 % of the fleet of big companies. The sector china aircraft leasing has developed rapidly, encouraged by the government, at the point of 16 companies at the end of 2014, according to the civil aviation administration of China.
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