乐天七星饮料二季度营业利润同比下降10.4%但上半年仍增长18.6%

Lotte Chilsung Beverage (005300.KS) reported second-quarter operating profit of 55.8 billion won on a consolidated basis, down 10.4% from a year earlier, the company said in a regulatory filing on the 5th.
Revenue over the same period rose 2.4% to 1.1129 trillion won. For the first half, cumulative revenue reached 2.0654 trillion won and operating profit 103.6 billion won, up 3.4% and 18.6%, respectively, from a year earlier.
Revenue grew on the back of overseas business expansion and strong sales of core brands, but profitability slowed due to higher prices of raw and subsidiary materials and rising logistics costs. By segment, the beverage division posted second-quarter operating profit of 20.5 billion won on a standalone basis, down 13.2%, while revenue rose 1.7% to 500.5 billion won.
Carbonated drinks, coffee and sports drinks supported the results. Carbonated beverage revenue rose 3.1% on the zero-calorie drink trend and peak-season effects, while coffee beverages increased 4.1% amid expanding demand for RTD (ready-to-drink) coffee. Sports drink revenue rose 8.5% as early hot weather and hydration demand continued. Beverage exports increased 9.8% as sales expanded across some 50 countries, including the United States, Russia, Europe and Southeast Asia, led by "Milkis," "Let's Be" and "Aloe Juice."
The liquor division also continued its growth. Second-quarter standalone revenue was 195.1 billion won and operating profit 7.5 billion won, up 3.2% and 156.6%, respectively. RTD revenue surged 143.3% in particular, as the company expanded its product lineup with citron and sangria varieties centered on "Soonhari Jin." Soju rose 1.9%, driven by the "Chum-Churum" renewal and growth of "Saero," while wine increased 8.8% on expanded sales channels. Cheongju grew 1.8% on strong sales of "Subok One Cup."
However, the global division, which includes overseas subsidiaries in the Philippines, Pakistan and Myanmar, saw its profitability deteriorate. Second-quarter revenue rose 3.4% to 458.5 billion won, but operating profit fell 27% to 26.1 billion won. The company stressed that rising raw material prices and logistics costs, driven by high oil prices and geopolitical risks, weighed on profitability. Overseas subsidiaries accounted for about 41% of total second-quarter revenue, while global revenue including exports made up about 47%.
Lotte Chilsung Beverage plans to achieve consolidated revenue of 4.1 trillion won and operating profit of 200 billion won this year through management efficiency measures such as material cost reductions and sales network expansion. "The second quarter this year presented challenges in terms of profitability due to worsening external variables, including high inflation, rising raw material prices and global logistics cost burdens, but we were able to maintain revenue growth thanks to solid growth in the liquor business, expanding demand in the RTD category and increased beverage exports," a Lotte Chilsung Beverage official said. "Going forward, we will focus on establishing a stable growth foundation through fostering global brands and improving our profitability-centered fundamentals."