Doosan Bobcat (241560) Q3 2024 earnings summary
Event summary combining transcript, slides, and related documents.
Q3 2024 earnings summary
19 Jun, 2026Executive summary
Revenue declined 28% year-over-year in Q3 2024, driven by external uncertainties and dealer inventory adjustments.
EBIT fell 59% and net profit dropped 67% year-over-year, reflecting lower operating profit and fixed cost burdens.
Financial highlights
Q3 2024 revenue: $1,306M, down 27.6% YoY and 19.9% sequentially.
EBIT: $92M, down 59.4% YoY; EBITDA: $137M, down 48.4% YoY.
Net profit: $47M, down 67.4% YoY; net margin fell to 3.6%.
Revenue in KRW declined 24.9% YoY, with EBIT down 57.8%.
Outlook and guidance
Q4 2024 is expected to be similar to Q3, with continued weak demand and dealer inventory adjustments.
Weaker demand in North America and EMEA anticipated to persist; some growth expected in Oceania and Latin America.
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