Park Systems (A140860) Q4 2024 earnings summary

Executive summary

• Achieved record consolidated sales of KRW 175.1 billion in 2024, up 21% year-over-year, with operating profit of KRW 38.5 billion, up 40% year-over-year, and net profit of KRW 42.8 billion, up 76% year-over-year.

• Maintained robust growth despite global uncertainties, driven by product diversification, new applications, and strong demand for advanced metrology solutions in semiconductors.

• Expanded business portfolio with the acquisition of Swiss Lyncee Tec, strengthening optical metrology capabilities and positioning for further growth in advanced industries.

Financial highlights

• Revenue: KRW 175.1 billion in 2024, up 21% from KRW 144.8 billion in 2023.

• Operating profit: KRW 38.5 billion, up 40% year-over-year; net profit: KRW 42.8 billion, up 76% year-over-year.

• Gross margin maintained at 65%; operating margin at 22%; R&D expenses increased to 12.1% of sales.

• Cash and cash equivalents at year-end: KRW 93.4 billion; total assets: KRW 274.3 billion, up 36% year-over-year.

• Dividend per share: KRW 500, with a payout ratio of 9%.

Outlook and guidance

• Expects continued growth in 2025, supported by AI semiconductor demand, HBM, and advanced packaging investments.

• Plans to expand R&D investment and strengthen partnerships with major semiconductor manufacturers to increase global market share.

• Anticipates increased adoption of atomic force microscopes in both front-end and back-end semiconductor processes.