SNT Motiv (A064960) Q4 2024 earnings summary

Executive summary

• Revenue for FY2024 was KRW 968,898 million, down 14.7% year-over-year, with operating income at KRW 98,128 million, a 15.9% decrease, but net income rose 20.0% to KRW 104,346 million due to improved financial income and lower financial expenses.

• Automotive components accounted for 74.3% of sales, with a notable decline in electrification product sales, while the defense and other segments grew 5.7% year-over-year.

• The company maintained a strong liquidity position with KRW 482,556 million in liquid assets at year-end and a low debt ratio of 26.1%.

Financial highlights

• Gross margin improved to 16.5% from 15.0% the previous year.

• Operating margin was 10.1%, slightly down from 10.3% in FY2023.

• Earnings per share (EPS) increased to KRW 4,299 from KRW 3,460 year-over-year.

• Cash dividend per share for the year was KRW 1,700, with a payout ratio of 19.6%.

Outlook and guidance

• The company expects continued growth in hybrid and electric vehicle motor sales, with new supply contracts for Hyundai Transys and expansion into global markets, including a new motor plant in India.

• Ongoing investments in R&D and production capacity are planned to support future growth in both automotive and defense segments.