CLOBOT Co., Ltd Reports First-Half Revenue of 17 Billion Won… Up 32.9% Year-Over-Year
First-Half Operating Loss of 5.3 Billion…Similar to Last Year
Gross Profit Rises 89.6% to 3.29 Billion
RCS, WMS, and WCS Merged Following the Acquisition of DLS
Expanding Business into North America, Manufacturing, and High-Risk Industrial Facilities
[Edaily Reporter Shin Yeong-bin ] #CLOBOT Co., Ltd announced on the 14th that its consolidated operating loss for the first half of this year was 5.34 billion won, a level similar to the 5.26 billion won recorded in the same period last year.
Revenue for the same period was 16.98 billion won, a 32.9% increase compared to the same period last year. Gross profit rose 89.6% to 3.29 billion won, and the cost of sales ratio improved by 5.8 percentage points to 80.6%. The company explained that both revenue and gross profit increased simultaneously as it continued to invest in preparations for the acquisition of DOOSAN Logistics Solutions (DLS), the enhancement of its robot operation platform, and the expansion of its global business.
CLOBOT Co., Ltd plans to expand its logistics automation business by combining DLS’s logistics center construction capabilities with its existing Robot Control System (RCS) business, which connects and controls various robots through a single software platform.
DLS operates a business focused on the design, construction, and operation of logistics centers based on Warehouse Management Systems (WMS) and Warehouse Control Systems (WCS). Once the acquisition is complete, the company plans to combine CLOBOT Co., Ltd.’s RCS with DLS’s WMS and WCS to build an integrated logistics center operations platform that connects not only robots but also logistics equipment, workers, and operational data.
Currently, CLOBOT Co., Ltd is reviewing post-merger integration (PMI) plans to ensure business continuity ahead of the transaction’s closing with DLS. The two companies are also finalizing collaboration initiatives, including joint sales efforts, integrated solution proposals, and the identification of projects suitable for implementing CLOBOT Co., Ltd’s RCS.
The company also plans to expand its North American operations. Through its U.S. subsidiary, “CLOBOT Co., Ltd,” it aims to secure local customers and partners and supply automation packages that combine DLS’s logistics engineering with CLOBOT Co., Ltd’s robot operation software.
Following the acquisition of DLS, the company intends to go beyond simply building logistics centers and connect these efforts to operations, monitoring, maintenance, Robotics-as-a-Service (RaaS), and artificial intelligence (AI) and data businesses to increase the proportion of recurring revenue. The company will also expand its application areas to high-risk industrial facilities requiring robotics, including manufacturing and logistics.
A CLOBOT Co., Ltd official stated, “The first half of this year was a period in which we saw both consolidated revenue growth and an improvement in gross profit, confirming the scalability of our robot operation platform business.” The official added, “The acquisition of DLS marks a strategic turning point for us to leap forward as a platform company that operates the entire logistics center by integrating RCS, WMS, and WCS. Based on this, we will expand our business scope to North America and into manufacturing, logistics, and high-risk industrial facilities.”
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