IEL Science Reports Cumulative 3Q Sales of 62.2 Billion KRW... "Expecting Record-Breaking 4Q Performance"

IL Science continued its strong growth trend through steady expansion and profitability.

On the 14th, IL Science announced that its cumulative consolidated sales for the third quarter of this year reached 62.2 billion KRW, a 130% increase compared to the same period last year. During the same period, operating profit and net profit turned positive, recording 4.3 billion KRW and 3 billion KRW respectively. This surpasses the total cumulative performance of the third quarter last year.

This significant growth is attributed to the inclusion of IL Mobility, acquired at the end of last year, in the consolidated results, along with strengthened operations and continuous structural improvements. IL Mobility is a specialized company in automotive lamp injection parts, supplying finished vehicle manufacturers through major domestic and international parts companies, including Germany's Continental, and has secured a large volume of production until 2026.

Additionally, IL Cellion’s performance is expected to be reflected in the consolidated results starting from the fourth quarter of this year, and with the completion of vertical integration in manufacturing lamps using silicon lenses, even steeper growth is anticipated. In particular, based on consolidated order backlog and seasonal factors, it is expected that quarterly sales exceeding 30 billion KRW could be achieved for the first time.

A company representative stated, “Despite expanding domestic and international uncertainties and seasonal off-peak periods, we recorded a high sales growth rate compared to the same period last year due to the reflection of IL Mobility’s performance as a consolidated subsidiary. Based on the latest surface mount technology (SMT) process and patents of the recently acquired IL Cellion, we have completed the mobility value chain and enabled one-stop responses for vertically integrated customers.”

He added, “With IL Cellion’s performance being reflected and synergy effects fully realized in the fourth quarter and next year, it will be possible to secure high profitability along with external growth.”

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