Hanwha Systems Full Year 2024 Earnings: Beats Expectations

Simply Wall St

March 19, 2025

Hanwha Systems (KRX:272210) Full Year 2024 Results

Key Financial Results

Revenue: ₩2.80t (up 14% from FY 2023).
Net income: ₩486.1b (up 24% from FY 2023).
Profit margin: 17% (up from 16% in FY 2023). The increase in margin was driven by higher revenue.
EPS: ₩2,591 (up from ₩2,095 in FY 2023).

earnings-and-revenue-growth — KOSE:A272210 Earnings and Revenue Growth March 19th 2025

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

Hanwha Systems Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Aerospace & Defense industry in South Korea.

Performance of the South Korean Aerospace & Defense industry.

The company's shares are up 20% from a week ago.

Risk Analysis

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.