LX Hausys Reports Q3 Sales of 812.7 Billion Won, Down 8.7% Year-on-Year

Operating Profit at 22.1 Billion Won, Nearly Unchanged from Last Year

On November 5, LX Hausys announced that its consolidated sales for the third quarter reached 812.7 billion won, with an operating profit of 22.1 billion won.

This represents a decrease of 8.7% and 1.1%, respectively, compared to the same period last year.

Operating profit has been steadily improving since the fourth quarter of last year, when it stood at 4.9 billion won. The company explained that profitability improved due to cost efficiency measures and a decline in raw material prices.

However, sales volume continued to decline. As domestic housing pre-sale volumes decreased, sales of building materials-which account for a significant portion of total revenue-fell by 15.2% year-on-year to 540.8 billion won.

In contrast, sales of automotive materials and industrial films rose by 7.5% during the same period, reaching 271.8 billion won. This was attributed to increased sales of automotive fabrics in North America and furniture films for the European market.

LX Hausys expects the global housing market to gradually recover as countries such as the United States move toward interest rate cuts. In addition, the company anticipates that the resolution of the Korea-US tariff negotiations will lead to increased exports of automotive materials to North America.