LS (006260) Q3 2024 earnings summary

Executive summary

• Revenue for the first nine months of 2024 was ₩20,444.8 billion, down 16.5% year-over-year, with operating income at ₩775.2 billion, a 3.9% increase from the same period last year.

• Net income attributable to controlling interests was ₩265.8 billion, a 39.1% decrease year-over-year, while total comprehensive income was ₩410.1 billion.

• The group completed several business combinations and investments, including the acquisition of significant stakes in subsidiaries and new business ventures.

Financial highlights

• Gross margin for the period was ₩1,943.7 billion, up from ₩1,811.5 billion year-over-year.

• Net cash provided by operating activities was negative at ₩69.8 billion, while investing activities used ₩525.6 billion and financing activities provided ₩60.3 billion.

• Total assets at September 30, 2024, were ₩19,480.2 billion, with total liabilities of ₩12,516.8 billion and total equity of ₩6,963.5 billion.

• Earnings per share (EPS) for continuing and discontinued operations was ₩9,716, down from ₩15,881 year-over-year.

Outlook and guidance

• The company continues to focus on expanding its global presence, investing in capacity, and strengthening its position in core and new business areas.

• Ongoing investments in R&D and production facilities are expected to support future growth, with a focus on high-value and sustainable products.