Orion achieved its highest-ever performance last year, driven by explosive growth in its domestic and overseas subsidiaries.
Orion announced on the 8th that its consolidated operating profit for last year was tentatively estimated at 466.7 billion KRW, a 25.1% increase compared to the same period the previous year. Sales rose 22.0% year-on-year to 2.8732 trillion KRW. Net profit was recorded at 398.5 billion KRW, up 51.1%.
By continuously launching highly competitive new products and actively pioneering markets, all subsidiaries showed double-digit growth rates compared to the previous year. First, the Korean subsidiary's sales increased by 16.3% to 939.1 billion KRW compared to the previous year. Operating profit grew 7.1% to 140.2 billion KRW. Sales of the Dr. You brand and Market O Nature Oh! Granola grew by 23% and 16%, respectively, and jelly sales also increased by 40%, with all categories showing balanced growth.
Among overseas subsidiaries, the growth of the Vietnam and Russia subsidiaries stood out. The Vietnam subsidiary recorded sales of 472.9 billion KRW, up 38.5%, and operating profit of 89.8 billion KRW, up 40.3%. All categories including pies, snacks, biscuits, and jelly grew significantly, and actively targeting the 'Tet' gift set market, the biggest holiday, also contributed to the sales increase. The Russia subsidiary recorded sales of 209.8 billion KRW, a 79.4% increase. Operating profit was 34.8 billion KRW, up 106.9%. Since June last year, the Tver new factory has been fully operational, increasing supply volume, and by diversifying Choco Pie products and expanding new categories such as biscuits, it surpassed 200 billion KRW in sales for the first time since the subsidiary was established in 2003.
The China subsidiary recorded sales of 1.2749 trillion KRW, up 14.9%. Operating profit increased 26.1% to 211.5 billion KRW. The growth was led by price-competitive snack and jelly categories, and the expansion of the market through active discovery of new trading partners and focused targeting of demand for Lunar New Year gift sets had a significant impact. The India subsidiary successfully introduced three types of Choco Pie to the market and laid the foundation for growth by diversifying products such as custard and choco chip cookies. This year, it plans to enter the local snack market by establishing Choco Pie and snack lines at the Rajasthan factory and expand sales channels nationwide in India to achieve full-scale sales growth.
This year, Orion will focus on the rapid growth of health-oriented products such as Dr. You Jeju Lava Water and protein bars, as well as expanding the market share of Market O Nature Oh! Granola products. In the export sector, it plans to expand entry into major distribution channels in key countries such as the United States, Australia, and Japan, while diversifying product lines including biscuits and jelly, led by Kkobuk Chip. Orion will continue to strengthen product competitiveness and sales capabilities to maintain its growth momentum. With all subsidiaries having established a stable foundation, the company will actively consider mergers and acquisitions of domestic and foreign companies centered on the food and beverage industry to discover new business opportunities.
An Orion official stated, "Despite an uncertain management environment, we achieved record-high performance by establishing a virtuous cycle system based on product competitiveness, market expansion, and profitability-focused management. We will further strengthen product competitiveness and sales capabilities by subsidiary to enhance consumer value and continue healthy growth through efficient investment following last year."
Meanwhile, Orion decided to increase the dividend per share by 26.7%, from the existing 750 KRW to 950 KRW, to enhance shareholder value.
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