Kiturami Holdings Achieves Record High Sales Last Year...1.2507 Trillion Won

Operating Profit Reaches 49.6 Billion KRW

Kiturami Holdings announced on the 11th that it achieved its highest-ever sales last year, marking the fifth consecutive year of record-breaking performance.

Kiturami Holdings' consolidated sales for 2024 amounted to 1.2507 trillion KRW, with an operating profit of 49.6 billion KRW, representing increases of 1.1% and 23.5% respectively compared to the previous year. Since transitioning to a holding company structure in November 2019, it has achieved record-high performance despite global economic downturns and sluggish domestic demand.

Kiturami Holdings is strengthening the competitiveness of 21 subsidiaries in the Kiturami Group’s heating, cooling, and energy sectors, including ▲Kiturami ▲Kiturami Beomyang Cooling ▲Shinseong Engineering ▲Century ▲Kiturami Energy, and is continuing sustainable growth as a 'comprehensive heating, cooling, and energy group' through diversification of business items.

Last year, the heating business maintained its domestic market dominance due to strong sales of newly launched eco-friendly condensing boilers, carbon mats, and carbon boards. Overseas sales also showed steady growth through strengthened overseas operations and production and sales of locally specialized products.

The cooling business led the overall group performance. It achieved sales growth by securing new orders in key industries such as ▲cooling tower projects for power plants worth hundreds of billions of KRW ▲domestic 40-megawatt (MW) data center cooling systems ▲overseas nuclear power plant refrigeration and air conditioning projects.

A Kiturami Holdings official stated, "We have built a balanced portfolio across each business sector, including home heating, industrial refrigeration and air conditioning, and energy supply, enabling the entire group to maintain solid sales performance regardless of climate change and market conditions." He added, "Based on leading technology in heating, cooling, and air conditioning, we plan to continuously enhance competitiveness in overseas markets and actively enter high value-added businesses such as the data center market, nurturing new growth engines to achieve 3 trillion KRW in group sales by 2030."

Meanwhile, Kiturami has transformed from a boiler specialist company into a comprehensive heating, cooling, and energy group by expanding its business areas from boilers to cooling, air conditioning, and energy since recording 300 billion KRW in sales in 2001 through its boiler business. Last year, the total sales of Kiturami Group’s affiliates reached 1.78 trillion KRW, up 7.2% from 1.66 trillion KRW in 2023, and operating profit rose 69% to 186 billion KRW from 110 billion KRW in 2023.