Doosan (A000150) Q3 2024 earnings summary

Executive summary

• Revenue for the first nine months of 2024 was ₩12,933 billion, down from ₩19,130 billion in the prior year period, reflecting a significant contraction in sales.

• Operating profit for the period was ₩795 billion, a sharp decline from ₩1,436 billion year-over-year.

• Net income attributable to controlling interests was a loss of ₩63 billion, compared to a loss of ₩388 billion in the previous year.

• The group continued to focus on high-value product lines, R&D, and global market expansion, while executing portfolio restructuring and capital investments.

Financial highlights

• Revenue for Q3 YTD 2024: ₩12,933 billion (down from ₩19,130 billion YTD 2023).

• Operating profit: ₩795 billion (down from ₩1,436 billion YTD 2023).

• Net income (controlling interests): -₩63 billion (vs. -₩388 billion YTD 2023).

• EPS (basic): -₩3,523 (vs. -₩21,823 YTD 2023).

• Cash and equivalents at period end: ₩3,072 billion.

Outlook and guidance

• The company is pursuing growth in high-end electronics, hydrogen/fuel cell, and renewable energy sectors.

• Ongoing investments in R&D and production capacity, especially in fuel cells, robotics, and advanced materials.

• Management expects continued market volatility and is focused on cost control, portfolio optimization, and strengthening global competitiveness.