Revenue fell 3.9% from a year earlier, while operating profit surged 822.6%.
The company attributed the results to increased cathode material supply for electric vehicles in Europe and rising global demand for energy storage systems driven by the spread of AI infrastructure. Sales of cathode materials for ESS used to provide stable power for data centers rose 140% from a year earlier.
As AI-related semiconductor production facilities expand and more large-scale data centers are built, shipments for power applications such as power tools increased 44% from a year earlier.
Kim Jang-woo, EcoPro BM’s CEO, said the company will continue to expand supplies of high value-added cathode materials in line with the spread of AI and a recovery in the electric vehicle market.
“Through the successful mass production at our Hungary plant, we will establish ourselves as a key player in the European supply chain and maintain a steady growth trajectory,” Kim said.
* This article has been translated by AI.
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