[Click eStock] "Robotis, Expected Expansion of Autonomous Driving Robot Sales in the Second Half"

Yuanta Securities analyzed on the 21st that an expansion in autonomous mobile robot sales is expected for Robotis in the second half of the year. No investment opinion or target price was provided.

Robotis recorded consolidated sales of 8.09182 billion KRW and an operating profit of 86.65 million KRW in the second quarter. Compared to the same period last year, sales increased by 25.18%, and operating profit turned positive. Myungjun Kwon, a researcher at Yuanta Securities, said, "The turnaround to profitability was due to a decrease in cost of sales ratio and selling and administrative expenses ratio," adding, "Most of the sales are from actuators, and the profit margin improved by 11.4 percentage points compared to last year." He further stated, "This is attributed to increased product brand awareness and stable procurement of raw materials."

Yuanta Securities expects Robotis's autonomous mobile robot sales to increase in the second half of the year. He said, "They are preparing to supply products to LG Electronics, and sales are expected to start with a scale of more than 30 units within the year," adding, "Expansion into various spaces such as parks, apartments, camping sites, coffee franchises, golf courses, and resorts within Yangcheon-gu is also anticipated."

He emphasized, "Overseas, in Japan, a demonstration test of a delivery system using autonomous mobile robots was conducted at a Japanese university hospital earlier this year, and the robots were selected as subsidy-supported robots in Kanagawa Prefecture, Japan," adding, "Since they are actually being operated in hotels, hospitals, and offices in Japan, an increase in sales volume in the second half of the year is expected."