LOT VACUUM (083310) Q4 2024 earnings summary

Executive summary

• Revenue for FY2024 was KRW 265.97 billion, a 43.8% decrease year-over-year, with an operating loss of KRW 4.17 billion, reversing from a profit in FY2023.

• Net income dropped sharply to KRW 2.37 billion, down 95.3% from the prior year.

• The company’s main business is dry vacuum pumps for semiconductors, displays, and related industries, with 84.8% of sales from vacuum pumps.

• Domestic sales accounted for 71.4% and overseas for 28.3% of total revenue.

Financial highlights

• Gross profit margin declined to 31.5% from 33.9% year-over-year.

• Operating margin turned negative at -1.6% (previous year: 14.2%).

• Net margin was 0.9%, down from 10.6% in FY2023.

• Total assets decreased by 7.8% to KRW 339.2 billion; equity ratio remained strong at 75.7%.

• Cash and cash equivalents at year-end were KRW 88.87 billion.

Outlook and guidance

• Management plans to diversify sales channels domestically and internationally, focus on productivity improvements, and cost reductions through R&D.

• No specific quantitative guidance provided for FY2025.