MLO Achieves Highest Quarterly Performance in Q3... 'Sustained Solid Growth'

[Asia Economy Reporter Hyungsoo Park] Emro, the nation's No. 1 AI-based supply chain management software company, continued its strong performance.

Emro announced on the 7th that its cumulative sales for the third quarter of this year reached 44 billion KRW on a consolidated basis, a 34.4% increase compared to the same period last year. Compared to last year's annual sales of 47 billion KRW, the growth rate is accelerating. Third-quarter sales reached 15.4 billion KRW, a 31.6% increase year-on-year, marking the highest quarterly performance ever.

Sales from software licenses, technology fees, and cloud service usage fees based on technology increased by 34.3% year-on-year in the third quarter. AI-related project orders from leading domestic companies such as Samsung Electronics and Korean Air continued. The number of customers adopting supply chain management cloud services increased, including Daesang Group, SeAH Steel, and iMarket Korea. Cloud service usage fees rose 44.9% compared to the previous quarter. New customers were also secured from various industries, including LX Pantos and LS Mtron.

Operating profit and net income also increased. The cumulative operating profit for the third quarter was 4.58 billion KRW, and net income was 4.87 billion KRW, up 21.4% and 33.0% respectively compared to the same period last year. For the third quarter alone, operating profit was 2.17 billion KRW, and net income was 1.91 billion KRW, increasing 21.2% and 47.9% compared to the previous quarter. The operating profit margin was 14.1%.

The performance of subsidiary InfoWise is also improving. By securing large projects from Samsung C&T, SK C&C, and LS Electric, InfoWise recorded sales of 1.47 billion KRW, operating profit of 420 million KRW, and net income of 430 million KRW in the third quarter. These figures represent increases of 141.8%, 393.0%, and 401.4% respectively compared to the same period last year.

Emro is expanding its customer base to medium and small enterprises through the digital supply chain platform it opened with Woori Bank last September. It is diversifying its business by launching an online community service for purchasing managers called 'BUYBLE'. Preparations for overseas market entry are also underway.

An Emro official said, "Demand from companies investing in supply chain management software and AI software to strengthen corporate competitiveness will continue," adding, "Emro will continue to grow steadily despite challenging circumstances."

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