[Click eStock] "LS Electric, US-bound Distribution Equipment Sales Expected to Increase"

Daishin Securities forecasted on the 6th that LS Electric's sales of distribution equipment and transformers will steadily increase.

Heo Min-ho, a researcher at Daishin Securities, stated, "We estimate that next year’s sales will reach 4.5 trillion KRW and operating profit will be 415.8 billion KRW," adding, "This represents an increase of 4.9% and 18.7%, respectively, compared to this year's estimates."

He continued, "Even if sales of distribution panels decline and the automation business and the Chinese subsidiary's performance remain sluggish, sales of distribution equipment and transformers will increase," and added, "Overall sales will grow due to continued improvement in the performance of the U.S. subsidiary."

He emphasized, "We have secured 25 U.S. distribution equipment distributors, which will increase sales of high-margin distribution equipment (medium and low voltage power equipment)," and said, "Sales of distribution equipment to the U.S. are expected to rise from around 100 billion KRW this year to over 170 billion KRW next year."