SNT Motiv (A064960) Q3 2024 earnings summary

Executive summary

• Revenue for the first nine months of 2024 was ₩683.1 billion, down from ₩1,136.3 billion in the prior year period, reflecting a challenging market environment and lower sales volumes.

• Net income attributable to shareholders was ₩71.1 billion, a decrease from ₩87.5 billion year-over-year.

• The company maintained a strong financial position with total assets of ₩1,203.8 billion and a low debt ratio of 26.8% as of September 30, 2024.

Financial highlights

• Operating income for the period was ₩69.1 billion, compared to ₩116.6 billion in the same period last year.

• Earnings per share (EPS) for the nine months was ₩5,692, down from ₩6,579 year-over-year.

• Cash and cash equivalents at period-end were ₩183.4 billion, with a net decrease of ₩16.2 billion from the previous year-end.

• Dividend payout for the period was ₩600 per share as an interim dividend.

Outlook and guidance

• The company expects continued growth in eco-friendly vehicle components, leveraging its strong position in supplying motors and drive units for electric and hybrid vehicles.

• The defense segment anticipates increased sales from new contracts and ongoing exports, while the semiconductor equipment parts business is projected to benefit from sustained industry investment.