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Doosan Solus Revenue in Q220 up 3% Y/Y
Doosan Solus (Doosan) supplies HTL, EIL and Advanced ETL materials to Samsung and other OLED panel makers. Q220 revenues and operating incomes were $61.7M and $15.4M, respectively. Doosan expects to maintain its business with Samsung and sees increases in revenues as producers in China’s OLED manufacturing matures. Total revenues of 2020 is projected at $276.3M, up 39% Y/Y from $218.3M in 2019. Operating income for 2020 are expected to be $38M, up 20% Y/Y from $31.7M in 2019. Apart from the OLED material business, Doosan’s PCB business will be another cash cow in 2021 because of increased demand for 5G and semiconductor applications. As a result, projected revenues for 2021 is $414M, up 50% from $276.3M in 2020 forecasted revenues.
Table 1: Doosan Solus 2020 Revenues and Operating Income Trends
Doosan Solus (Doosan) supplies HTL, EIL and Advanced ETL materials to Samsung and other OLED panel makers. Q220 revenues and operating incomes were $61.7M and $15.4M, respectively. Doosan expects to maintain its business with Samsung and sees increases in revenues as producers in China’s OLED manufacturing matures. Total revenues of 2020 is projected at $276.3M, up 39% Y/Y from $218.3M in 2019. Operating income for 2020 are expected to be $38M, up 20% Y/Y from $31.7M in 2019. Apart from the OLED material business, Doosan’s PCB business will be another cash cow in 2021 because of increased demand for 5G and semiconductor applications. As a result, projected revenues for 2021 is $414M, up 50% from $276.3M in 2020 forecasted revenues.
Table 1: Doosan Solus 2020 Revenues and Operating Income Trends
