[Featured Stock] SL Posts Q1 Earnings Surprise... Electric Vehicle Growth + BMS Business Highlighted Upward

SL is showing strong performance. This is interpreted as being influenced by news that its first-quarter earnings this year significantly exceeded market expectations.

As of 9:21 AM on the 16th, SL is trading at 36,100 KRW, up 11.06% compared to the previous day.

The day before, SL announced that its first-quarter sales and operating profit reached 1.2108 trillion KRW and 104.1 billion KRW, respectively. This represents an increase of 43% and 154% compared to the same period last year.

Sales increased in all regions, with key areas such as Korea, North America, and India seeing sales growth of 38%, 72%, and 12% respectively compared to last year, driving overall growth.

Song Seonjae, a researcher at Hana Securities, analyzed, “The first-quarter earnings significantly exceeded market expectations. As customers’ production recovered, delivery volumes increased, and the mix (sales of higher-margin products) improved due to an increase in relatively high-priced SUV and electric vehicle models. Additionally, there was a benefit from the rising exchange rate.”

Researcher Song added, “Although SL has experienced significant performance gaps between the first and second halves over the past two years, so there will be seasonal effects this year as well, the growth rates of labor and transportation costs in North America are decreasing. Furthermore, warranty repair costs, which were temporarily reflected last year, are returning to normal levels, so the year-on-year profit growth rate in the second half is expected to be higher.”