SNT Motiv (A064960) Q2 2024 earnings summary

Executive summary

• Revenue for the first half of 2024 was 462,277 million KRW, with an export ratio of 75.1%.

• Operating income for the same period was 47,101 million KRW, and net income attributable to shareholders was 54,180 million KRW.

• The company maintains a strong position in eco-friendly vehicle components and defense products, with major customers including Hyundai/Kia and GM.

Financial highlights

• Revenue decreased year-over-year from 574,771 million KRW in H1 2023 to 462,277 million KRW in H1 2024.

• Operating income dropped from 55,419 million KRW to 47,101 million KRW over the same period.

• Net income attributable to shareholders was 54,180 million KRW, down from 58,615 million KRW in H1 2023.

• Basic EPS for H1 2024 was 4,268 KRW, compared to 4,430 KRW in H1 2023.

• Cash and cash equivalents at period end were 256,268 million KRW.

Outlook and guidance

• The company expects continued growth in eco-friendly vehicle components, leveraging its strong relationships with global automakers.

• Defense and semiconductor equipment parts are anticipated to contribute to future revenue growth.

• The company plans to maintain investments in R&D and production capacity, especially for new mobility and defense technologies.