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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  POSCO    A005490   KR7005490008

POSCO

(A005490)
  Report
End-of-day quote. End-of-day quote Korea Stock Exchange - 11/26
242500 KRW   -1.02%
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POSCO : 2020 3Q Earnings Release

10/22/2020 | 09:45pm EST

3Q 2020 Earnings Release

October 23, 2020

Disclaimer

This presentation was prepared and circulated to release the informations regarding the company's business performance to shareholders and investors prior to the completion of independent auditing for the period of the third quarter of 2020. As figures in this presentation are based on unaudited financial statements, certain contents may be subject to modification in the course of independent auditing process.

This presentation contains certain forward-looking statements relating to the business, financial performance and results of the company and/or the industry in which it operates. The forward-looking statements set forth herein concern future circumstances and results and other statements that not historical facts, and are solely opinions and forecasts which are uncertain and subject to risks. Therefore, the recipients of this presentation shall be aware of that the forward-looking statements set forth herein may not correspond to the actual business performance of the company due to changes and risks in business environments and conditions.

The sole purpose of this presentation is to assist persons in deciding whether they wish to proceed with certain investments to the company. The company does not make any representation or warrant, expressly or impliedly, as to the accuracy and completeness of this presentation or of the information contained herein and shall not have any liability for the information contained in this presentation.

3Q20 Earnings Release │ Oct 23, 2020

Contents

  • 3Q 2020 Business Performance
    • Parent Performance
    • Consolidated Performance
    • Subsidiary Performance
  • Key Business Activity
  • 2020 Business Outlook

3Q20 Earnings Release │ Oct 23, 2020

4

Parent Performance_Production / Sales

Production

(thousand tons)

9,554

QoQ

9,498

+1,705

7,793

Crude Steel

9,038

8,903

+1,051

7,852

Product

'19.3Q '20.2Q '20.3Q

  • Production of crude steel and products recovered on
    Gwangyang #3 Blast Furnace's operation start and rebound of order volume similar to 3Q19

·(Iron & Steel-making Processes) Operation of G) #3 Blast Furnace started on July 10 after revamping

  • (Rolling Mills) Productionincreased with CR/CG order picked up
    • HR +247, CR/CG +867, Plate +73 thousand tons, etc.

[Product Production]

(thousand tons)

'19.3Q

'20.2Q

'20.3Q

QoQ

Carbon

8,536

7,460

8,478

+1,018

STS

502

392

425

+33

Sales

(thousand tons, %)

QoQ

8,952

8,894

+1,132

Sales Volume

7,762

Domestic

55.6

54.5

53.6

-0.9%p

Sales Ratio

WTP

29.9

23.8

25.2

+1.4%p

Sales Ratio

'19.3Q

'20.2Q

'20.3Q

  • Shipments recorded 3Q19 level with strong sales of high margin products incl. CR/CG backed by demand recovery in auto sector

·Product sales increase (thousand tons) : CR/CG +735, HR +347, etc.

·WTP sales (thousand tons) : '20.2Q) 1,711 → 3Q) 2,142 (+431)

Sales volume to auto industry (thousand tons): 464 → 750 (+286)

[Product Sales]

(thousand tons)

'19.3Q

'20.2Q

'20.3Q

QoQ

Domestic

4,973

4,234

4,770

+536

Export

3,979

3,528

4,124

+596

Inventory

1,220

1,121

1,038

-83

*WTP(World Top Premium) includes World First/World Best products

3Q20 Earnings Release │ Oct 23, 2020

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

POSCO published this content on 23 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 October 2020 01:44:04 UTC


© Publicnow 2020
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Financials
Sales 2020 57 702 B 52,1 B 52,1 B
Net income 2020 1 342 B 1,21 B 1,21 B
Net Debt 2020 8 912 B 8,05 B 8,05 B
P/E ratio 2020 14,7x
Yield 2020 3,32%
Capitalization 18 355 B 16 567 M 16 575 M
EV / Sales 2020 318x
EV / Sales 2021 302x
Nbr of Employees -
Free-Float 89,8%
Chart POSCO
Duration : Period :
POSCO Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends POSCO
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 27
Average target price 279 814,81 KRW
Last Close Price 234 000,00 KRW
Spread / Highest target 32,5%
Spread / Average Target 19,6%
Spread / Lowest Target 6,84%
EPS Revisions
Managers
NameTitle
Jeong-Woo Choi Co-Chief Executive Officer & Director
In-Hwa Chang Co-President, Co-CEO & Director
Seung-Kyu Lim Senior Managing Director & Head-Finance
Hag-Dong Kim Director & Senior Executive Vice President
Tak Jeong Director, Senior EVP & Head-Marketing
Sector and Competitors
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POSCO2.54%16 567
ARCELORMITTAL-1.87%19 336
NUCOR-4.58%16 627
NIPPON STEEL CORPORATION-20.19%11 751
TATA STEEL LIMITED20.53%8 933
STEEL DYNAMICS, INC.6.37%7 920