bullish

Samsung Biologics (207940 KS): Stellar Performance in 4Q23; Outlook Remains Strong

398 Views27 Jan 2024 22:36
SUMMARY
  • Samsung Biologics (207940 KS) reported 11% YoY growth in revenue to KRW1.07 trillion in 4Q23 driven by the ramp-up of operation of its Plant 4 and robust sales backlog.
  • The company closed 2023 with record high revenue and operating profit, bucking the weakening trend in overall global CDMO sector.
  • The outlook remains strong, with resilient business performance expected to drive a 10–15% annual growth in revenue for 2024.
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