[Click eStock] "MRO, Continued Growth Overseas"

Mirae Asset Securities analyzed on the 14th that it expects overseas performance from next year for Emro, an artificial intelligence (AI)-based supply chain management software company.

Emro recorded sales of 23.2 billion KRW and operating profit of 4.4 billion KRW in the third quarter. This represents an increase of 41% and 238%, respectively, compared to the same period last year.

Sujin Kim, a researcher at Mirae Asset Securities, explained, "Emro's sales have increased since last quarter as it began recognizing revenue from large projects," adding, "Operating profit exceeded estimates by 80% as expansion with existing clients continued."

He continued, "In October, the global SRM SaaS solution ‘Caidentia’ successfully signed its first contract with a local company in the United States," and added, "The scale of contracts going forward is expected to grow larger."

He analyzed, "Demand for supply chain management solutions in the U.S. market is expected to increase," and "Sales of 109 billion KRW and operating profit of 17.2 billion KRW are estimated for next year."