Significant Revenue Growth
Revenue reported a solid KRW 6,065.3 billion, an increase of 15% year-over-year, driven by OLED-centric business structural upgrades and favorable FX impacts.
Sustained Profitability
Operating profit was KRW 33.5 billion, marking an improvement of KRW 509.2 billion year-over-year, sustaining a profit streak since last quarter.
OLED Business Expansion
Revenue from OLED products increased 8 percentage points year-on-year, reaching 55% of total revenue, highlighting the success of the OLED-centric business transformation.
Strong EBITDA Performance
Q1 EBITDA was KRW 1,231.3 billion with an EBITDA margin rate at 20%, the highest since Q3 of 2021.
Strategic Large Panel OLED Focus
Post-discontinuation of LCD TV business, the company is focusing on OLED-centric structural upgrades, expecting positive performance from differentiated products like gaming monitors and Gen 4 OLED TVs.
Auto Business Growth
The auto segment revenue mix increased, with plans to strengthen market leadership through differentiated products and technology portfolio, including plastic OLED and high-end LTPS LCD.