Shinhan Investment Corp. forecasted on the 22nd that JVM's second-quarter performance was sluggish but would normalize in the second half of the year.
Lee Byunghwa, a research fellow at Shinhan Investment Corp., stated in a report on the same day, "We estimate that the second-quarter sales will be 39.3 billion KRW, operating profit 7.3 billion KRW, and net profit attributable to controlling interests 6.2 billion KRW, representing increases of 1.6%, 10.7%, and 85% year-on-year, respectively, but these figures will be revised downward from previous estimates."
This is due to a decrease in domestic sales caused by reduced hospital orders amid the medical residents' strike, as well as a decline in export unit prices following the transfer of sales channels in France from direct sales to partner companies.
He added, "The sales gap in the first half can be partially recovered in the second half, but a downward revision of the annual performance outlook is inevitable. In the second quarter, MENITH equipment sales were recognized for 2 units, up from 1 unit in the first quarter, and an additional 5 units are expected to be recognized in the second half."
He continued, "Exports performed relatively better than domestic sales in the second quarter, with an operating profit margin estimated at 18.5%, up 1.51 percentage points year-on-year. Exports are expected to accelerate in the second half."
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