SFA Achieves 580.3 Billion KRW in Orders in Q1... 124% Increase YoY

Global smart factory solution company SFA (CEO Kim Young-min) announced on the 15th that it achieved orders worth 580.3 billion KRW on a separate basis in the first quarter of this year, marking a 124% increase compared to the same period last year. This accounts for 53% of last year's annual order amount of 1.093 trillion KRW.

Sales reached 230.4 billion KRW, a 10% increase compared to the same period last year, and operating profit recorded 24.2 billion KRW, up 6%. The order backlog at the end of the first quarter was 1.3258 trillion KRW, a 37% increase compared to 964.6 billion KRW at the end of the previous year.

Regarding order performance, a leading indicator of business results, SFA achieved more than double growth by securing large orders in the secondary battery business sector and the display business sector. The order amount for the secondary battery business group was 359.7 billion KRW, accounting for 62% of total orders. The display sector recorded 161.2 billion KRW, representing 28% of the total.

In particular, considering that the annual order amount for the secondary battery business sector last year was 542.9 billion KRW and the first quarter order amount this year is 359.7 billion KRW, the performance of the secondary battery business group is expected to show a steeper upward trend than the previous year.

Looking at sales by business sector, the secondary battery business group was the highest with 131.9 billion KRW, accounting for 57% of the total, followed by semiconductor (32.6 billion KRW) and display (31.1 billion KRW).

On the other hand, SFA Semiconductor, a major subsidiary of SFA, recorded sales of 117.2 billion KRW, down 33% compared to the same period last year. The prolonged downturn in the global semiconductor market is the main cause of the decline.

Kim Young-min, CEO of SFA, said, “Despite the ongoing external economic downturn such as the global semiconductor market slump, SFA is actively responding to high-growth industries such as the secondary battery sector and striving to enhance corporate value through performance improvement. With the completion of the acquisition of electrode process equipment company CIS in March, our competitiveness in the secondary battery business sector has been further strengthened. Going forward, we expect greater growth as performance in non-display business sectors such as distribution and semiconductors expands, centered on secondary batteries.”