Engis Technology "Last Year's Sales 33.6 Billion KRW... 433% Increase YoY"

[Asia Economy Reporter Hyunseok Yoo] Engis Technology announced on the 4th that its consolidated financial statements recorded sales of 33.6 billion KRW last year, an increase of 432.7% compared to the previous year. Operating profit and net profit turned positive at 4.5 billion KRW and 0.5 billion KRW, respectively.

This performance reflects the full-year results of Melcon, which was acquired in December 2019. In 2020, Melcon recorded sales of 28.6 billion KRW, operating profit of 5.5 billion KRW, and net profit of 9 billion KRW, representing growth of 63%, 102%, and 169% respectively compared to the previous year.

In 2020, Engis Technology drove overall sales growth by increasing revenue through OTA (Over-The-Air) supply to global automakers and by actively pursuing business synergies with its subsidiary Melcon.

Melcon is a semiconductor advanced equipment specialist company producing semiconductor ultra-precision temperature and humidity control devices as its main products. Benefiting from the large-scale facility investment trend in the semiconductor outlook industry, it recorded a high sales growth rate. In terms of profit, it grew more than 100% compared to the previous year, significantly contributing to Engis Technology’s consolidated profit expansion.

A company official stated, “This year, we plan to focus the company’s capabilities to make it the first year of full-scale growth through increased OTA sales to global automakers, the official launch of electric vehicle connected navigation solutions for European automakers, and synergy creation with Melcon.”

This content was produced with the assistance of AI translation services.