Celltrion posted the lowest operating margin in 13 quarters. The company announced on May 12 that it posted revenue of 550.6 billion won, operating profit of 142.3 billion won and net profit of 121.2 billion won in the first quarter. consolidated basis. Its sales climbed 20.5% over the same period in 2021, but its operating profit fell 32.1%.
Although Celltrion’s sales exceeded the 526.5 billion won forecast by analysts, its operating profit remained well below the market consensus of 17.9 billion won. Its operating profit ratio came in at 25.8%, down 20.1 percentage points from the same period in 2021 and the lowest since hitting 18.1% in the fourth quarter of 2018. The decline was attributed to one-time factors such as product price adjustments and temporary changes. closures due to plant expansion.
Celltrion’s stock price has recently slipped due to weak earnings and various negative factors. It closed at 154,500 won on May 12, down 22% from the closing price of 198,000 won at the end of 2021. In particular, it fell 12% in May.
In May, foreigners bought 2.23 billion won worth of Celltrion shares, while individuals sold 730 million won.