Hanwha Aerospace Q2 Operating Profit Forecast at 965B Won, Up 11.63% as Ocean Unit Offsets Defense Slowdown

According to Yonhapinfomax citing 6 securities firms' forecasts on July 19, Hanwha Aerospace's Q2 consolidated operating profit is expected at 965 billion won, up 11.63% year-over-year, with a 12.0% operating margin. Q2 revenue is forecast at 8.03 trillion won, up 27.25% YoY.

Ground defense profitability will weaken in Q2 due to K9 self-propelled guns deliveries to Poland and Australia being concentrated in the second half. However, Hanwha Ocean's improved results, with operating profit expected to exceed 500 billion won, will offset the decline. Analysts expect ground defense segment earnings to rebound 51% in H2 as Poland and Australia K9 deliveries accelerate.