LX Hausys Reports 97.4 Billion KRW Operating Profit Last Year: "Will Overcome Slump Through B2C"

Fourth-Quarter Operating Profit Down 45% Year-on-Year in Off-Season
Impact of Economic Downturn and Rising Logistics and Raw Material Costs
"Crisis Management to Be Prioritized Amid Management Uncertainty"

LX Hausys recorded weaker performance last year amid a downturn in the construction and real estate front markets compared to the previous year.

On the 6th, LX Hausys announced that it posted sales of 3.572 trillion KRW and an operating profit of 97.465 billion KRW last year. Compared to the previous year, sales increased by 1.3%, while operating profit decreased by 11.3%.

Fourth-quarter sales rose 0.9% year-on-year to 890.577 billion KRW, but operating profit fell 44.6% during the same period to 4.91 billion KRW.

LX Hausys explained, "Despite the downturn in front markets such as construction and real estate, sales slightly increased year-on-year due to growth in sales of industrial films, flooring materials, and wallpapers. However, operating profit declined compared to the previous year due to rising logistics and raw material costs."

This year, the company plans to expand sales of key products such as windows, flooring materials, and wallpapers in the domestic business-to-consumer (B2C) market, and increase sales of industrial films, surface materials, and flooring materials in overseas markets to actively offset the downturn in the domestic business-to-business (B2B) market.

A company official stated, "As uncertainty in the domestic and international business environment is expected to intensify more than ever, we plan to prioritize crisis management focused on securing profitability."