Kiturami Group's holding company, Kiturami Holdings, announced on the 11th that it achieved the highest revenue ever last year, marking five consecutive years of record performance.
Kiturami Holdings recorded a consolidated revenue of 1.25 trillion won and an operating profit of 49.6 billion won in 2024, representing increases of 1.1% and 23.5%, respectively, compared to the previous year. Since transitioning to a holding company structure in November 2019, it has achieved its highest performance despite the global economic downturn and severe domestic sluggishness, following 2020, 2021, 2022, and 2023.
Kiturami Holdings is strengthening the competitiveness of its 21 subsidiaries, including Kiturami, Kiturami Bumyang Air Conditioning, Shinsung Engineering, Century, and Kiturami Energy, which are part of Kiturami Group's heating, cooling, and energy sector, and is continuing sustainable growth as a 'comprehensive heating and cooling energy group' through diversification of business items.
Last year, the heating business sector led the growth in the domestic market with newly launched eco-friendly condensing boilers such as 'Reverse NEW Condensing P10' and 'Reverse ECO Condensing L20', as well as heating items like carbon mats and carbon boards. Sales from overseas are steadily increasing through enhanced overseas sales and production and sales of locally specialized products.
In the cooling business sector, cooling towers, dry room systems, and special-purpose refrigeration and air conditioning equipment based on leading domestic technology drove the overall performance of the group.
A Kiturami Holdings official noted, "We are continuing to maintain solid revenue performance across the group by establishing a balanced portfolio across various business areas, such as residential heating, industrial refrigeration and air conditioning, and energy supply, regardless of climate change and market conditions," adding, "Based on our leading technology in heating and cooling air conditioning, we will continue to enhance our competitiveness in overseas markets and actively enter high-value-added businesses, such as the data center market, to achieve group revenue of 3 trillion won by 2030."
Meanwhile, Kiturami Group's total revenue from its subsidiaries last year was 1.78 trillion won, which is an increase of 7.2% compared to 2023 (1.66 trillion won). Operating profit was 186 billion won, marking a 69% increase compared to 2023 (110 billion won).