Hanon Systems Targets 11 Trillion Won Sales and 5% Operating Margin for 2025
Hanon Systems has set ambitious targets of 11 trillion won in sales and a 5% operating margin by 2025, focusing on expanding its business and aftermarket growth. CEO Lee Soo-il highlighted the completion of efficiency improvements and the company's restructuring efforts, including a new software organization to enhance capabilities for electric vehicles. The company also plans to improve its debt-to-equity ratio and explore AI-related opportunities in data center cooling and energy storage.
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Hanon Systems aims for 11 trillion won in sales and a 5% operating margin in 2025, focusing on sales growth and profitability through new business expansion and aftermarket growth. CEO Lee Soo-il outlined these goals in a New Year address, emphasizing the completion of efficiency improvements from last year and executing long-term strategies.
The company achieved 10 trillion won in sales last year, marking its first annual sales milestone. To reach the new target, Hanon will enhance its cost structure and operational efficiency. Following a rights offering, the debt-to-equity ratio is expected to improve from 246% to about 164%.
The company has restructured its R&D and created a software organization to bolster capabilities for various powertrains, including electric vehicles. Additionally, Hanon is exploring opportunities in AI-related businesses such as data center cooling and energy storage solutions.
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