MLO, "Guidance Raised... Expectations for Overseas Expansion Increase"

Mirae Asset Securities evaluated on the 2nd that the earnings guidance for Emro has been upgraded, strengthening expectations for expanded overseas expansion.

Sujin Kim, a researcher at Mirae Asset Securities, said, "Emro's annual sales growth rate guidance presented earlier this year was only upgraded by 10%, but after the first-quarter earnings announcement in May, upselling from existing clients continued, leading to an upward revision to 20%, and this time it was raised once more to 25%," adding, "As the proportion of cloud sales increases, profit improvement continues."

Researcher Kim also expressed expectations for global sales performance in the second half of the year. He said, "Emro is strengthening global sales with Samsung Electronics as a reference," and "In particular, during the first half of the year, positive feedback from new potential customers was confirmed through two global supply chain management (SCM) conferences, and in the second half, sales will continue through four conferences together with Samsung SDS's Americas branch."

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