[Click eStock] "Bonne, Benefiting from Indie Cosmetics Growth... Forecasting Record High Performance"

On the 7th, SK Securities forecasted that Bonne's operating profit in 2024 will grow by 90% compared to the previous year, expecting it to record its highest-ever performance.

Researcher Heo Seonjae stated, "There will be direct benefits from the growth of the indie cosmetics brand market," adding, "The number of newly secured client companies this year is 50, an increase of 44 compared to the previous year, and it is expected to rise to a total of 70 by the end of the year."

He continued, "The consolidated sales for 2024 are projected to increase by 46.6% year-on-year to 110.5 billion KRW, and operating profit is expected to grow by 93.5% to 12.5 billion KRW," explaining, "This is mainly due to growth in Original Design Manufacturer (ODM) sales centered on the US and Europe, as well as increased sales of in-house brands such as 'Touch In Sol' and 'Atosafe.'"

He added, "The total expected order amount in the ODM sector this year is projected to exceed 50 billion KRW, and considering a lead time of three months, a steady performance flow is expected each quarter."