Solum Third Quarter 2024 Earnings: EPS: ₩245 (vs ₩721 in 3Q 2023)

Solum (KRX:248070) Third Quarter 2024 Results

Key Financial Results

• Revenue: ₩472.2b (down 11% from 3Q 2023).
• Net income: ₩11.9b (down 66% from 3Q 2023).
• Profit margin: 2.5% (down from 6.7% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: ₩245 (down from ₩721 in 3Q 2023).

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

Solum Earnings Insights

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in South Korea.

Performance of the South Korean Electronic industry.

The company's shares are down 12% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Solum that we have uncovered.

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