[Click eStock] "OpenNol, 3rd Generation HR Platform Accelerates Growth... Sales Expected to Surpass 30 Billion Won"

Hana Securities stated on the 26th that OpenNol is showing significant growth as a 3rd generation HR platform and forecasted that its sales will surpass 30 billion KRW this year.

OpenNol is a 3rd generation HR platform that selects job seekers and recommends and matches talent suitable for companies. Its main services include Mini Intern, Recruitment Hall, and M Class. As of the first quarter of this year, the sales composition ratio is Mini Intern 41.4%, Education Consulting 24.6%, Other Service Sales 12.1%, and Application Software Development and Supply 21.9%.

Kim Doohyun, a researcher at Hana Securities, stated in a report on the same day, “Except for Samsung, Shinsegae, and POSCO, the top 10 large corporate groups have abolished large-scale open recruitment and are rapidly shifting to on-demand recruitment, hiring necessary talent immediately,” and analyzed, “Along with changes in corporate recruitment trends, the methods of job seeking and hiring are also transitioning to 3rd generation platforms.”

Additionally, Researcher Kim predicted, “In the full-fledged era of on-demand recruitment, OpenNol’s Mini Intern will provide job seekers with job experience and education, and hiring companies with the opportunity to recruit necessary talent at low cost, leading to increased demand.”

He analyzed, “This year, operating revenue (sales) is expected to be 30.2 billion KRW, and operating profit 5.3 billion KRW, representing increases of 16.9% and 73.6% respectively compared to the previous year,” adding, “The significant increase in operating profit is attributed to the operating leverage effect from new orders.”

He continued, “OpenNol recorded an operating profit margin of 4% last year due to 1.2 billion KRW in listing and stock compensation expenses,” emphasizing, “Excluding one-time costs, the company can achieve an operating profit margin exceeding 10%, and with new orders and structural growth in the HR market (increase in on-demand and continuous recruitment), a substantial increase in sales and performance growth is expected.”