Able C&C (078520) Q4 2024 earnings summary

Executive summary

• Achieved 2024 cumulative revenue of ₩2,640 billion, with operating profit up 73% year-over-year to ₩197 billion, marking the highest since 2016.

• Export sales grew 16% year-over-year, strengthening global competitiveness, especially in Europe and Japan.

• Profitability improved through channel restructuring and cost efficiency, despite a slight decline in total sales.

Financial highlights

• Operating profit margin rose to 7.5% in 2024 from 4.2% in 2023.

• EBITDA margin increased to 11.6% from 7.9% year-over-year.

• Net income surged 137% year-over-year to ₩14.5 billion.

• Q4 operating profit jumped 155% year-over-year to ₩5.6 billion; Q4 net income up 703% to ₩3.0 billion.

Outlook and guidance

• Focus remains on global market expansion, especially in Europe and Asia, leveraging strong brand portfolio.

• Continued emphasis on high-efficiency channels and cost control to sustain profitability.