Iljin Electric recorded its highest performance ever in the first quarter of this year thanks to the combined growth of its electric wire and heavy electricity businesses.
Iljin Electric Company's Q1 Sales This Year 5061KRW 100 million, operating profit 507I got 100 million won 15I made a public announcement. Sales are weak compared to the same period last year 11%, Operating profit is about 49% It has increased. Iljin Electric's Q1 sales were 2024year 3413From KRW 100 million last year 4574100 million won this year 5061It steadily increased to 100 million won. Operating profit during the same period 183at a hundred million won 340100 million won, 507It went up to 100 million won.
An official from Iljin Electric said, "The increase in demand for power devices due to the replacement of the old power infrastructure in the U.S. and the expansion of the construction of the global data center had a positive effect."
Iljin Electric Co., Ltd. last year 10It is responding to the increase in demand for ultra-high voltage transformers in Korea, the Americas, and Europe by operating the Hongseong transformer plant, which was expanded monthly. Analysts say that the electric wire business also led to an increase in sales due to increased productivity and global orders through improved production processes.
As of the first quarter of this year, the backlog of orders is about 17hundred million 6100ten thousand dollars (about two trillion dollars) 6496KRW 100 million). About the total backlog of orders 70% is in the heavy and electrical sectors such as transformers and circuit breakers, and the rest 30% is in the wire sector. By region, the share of overseas order backlog is weak 74%, have a weak domestic share 24It was a percentage.
An official from Iljin Electric said, "We will continue to grow through active orders in the second quarter."
