PI Advanced Materials: Full year 2023 Results
▶Sales of KRW217.6bn reflected the slowdown in demand and delayed recovery in China
▶Achieved continued sales growth in non film businesses, including EV battery insulation
film and EV varnish
▶Cash and cash equivalents increased to KRW56.4bn, exhibiting signif i cant improvement
from the year end 2022
▶Aims to achieve over KRW270bn in sales and KRW70bn in EBITDA in 2024 on the back of
an expected economic rebound in 2H 2024 and securing new customers
▶Change of the major shareholder by Arkema finalized on 1 December 2023, and smooth
integration well on track