Hanon Systems Full Year 2023 Earnings: EPS: ₩96.00 (vs ₩38.00 in FY 2022)

Hanon Systems (KRX:018880) Full Year 2023 Results

Key Financial Results

• Revenue: ₩9.56t (up 11% from FY 2022).
• Net income: ₩51.0b (up 150% from FY 2022).
• Profit margin: 0.5% (up from 0.2% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: ₩96.00 (up from ₩38.00 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hanon Systems Earnings Insights

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in South Korea.

Performance of the South Korean Auto Components industry.

The company's shares are down 1.8% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Hanon Systems you should know about.

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