KCE Electronics Public Company (KCE) Q4 2024 earnings summary

Executive summary

• Consolidated revenue for 2024 was Baht 14,832.8 million, down from Baht 16,343.6 million in 2023, reflecting a year-over-year decline.

• Net profit attributable to owners was Baht 1,648.5 million, compared to Baht 1,719.6 million in 2023.

• The company completed a business transfer from a subsidiary and acquired International Circuits Limited in the UK.

• The Board approved a post-year-end acquisition of KCE Printed Circuit Boards GmbH in Germany for EUR 10.65 million.

Financial highlights

• Gross margin for 2024 was approximately 22%, with cost of sales at Baht 11,571.2 million.

• Earnings per share (EPS) was Baht 1.39, down from Baht 1.45 in 2023.

• Cash and cash equivalents at year-end were Baht 1,566.1 million, down from Baht 1,766.8 million.

• Total assets stood at Baht 18,415.7 million, with total equity of Baht 13,818.1 million.

• Dividends paid in 2024 totaled Baht 1,536.7 million.

Segment performance

• Printed Circuit Board segment remained the largest contributor, with significant revenues from America, Europe, and Asia.

• Prepreg and Laminate, and Chemical segments also contributed, but PCB was the main driver.

• Three major customers accounted for about Baht 5,527 million of total revenues.