Orion achieved double-digit growth in both revenue and operating profit, driven by strong performance at its overseas subsidiaries.

Orion announced in a disclosure on the 15th that on a consolidated basis for the first quarter of this year, revenue rose 16% year-on-year to KRW 930.4 billion, while operating profit increased 26% to KRW 165.5 billion.

Revenue from overseas subsidiaries underpinned the overall results. By country, the Russian subsidiary recorded the steepest growth. The Russian unit’s first-quarter revenue was KRW 90.5 billion, up 34.7% from a year earlier, and operating profit surged 66.2% to KRW 14.2 billion. The company explained that this was the result of synergies from expanded production capacity, strengthening dedicated products by distribution channel, and the stabilization of a multi-product system.

At the Chinese subsidiary, first-quarter revenue increased 24.8% to KRW 409.7 billion, and operating profit rose 42.7% to KRW 79.9 billion. The company benefited significantly from peak season demand during the Lunar New Year (“Chunjie”), as well as higher sales of key product categories such as potato snacks, pies, and jellies, and a sales strategy focused on high-growth channels.

The Vietnamese subsidiary also posted strong results as a surge in demand during the local “Tet” holiday, robust sales of products such as potato snacks and rice crackers, and the impact of new spring-season products combined to lift revenue 17.9% to KRW 151.3 billion and operating profit 25.2% to KRW 26.6 billion. The Indian subsidiary, now in its fifth year of local sales, also saw its strategy centered on the northeastern region pay off, with revenue rising 67% year-on-year to KRW 9.8 billion.

The Korean subsidiary reported first-quarter revenue of KRW 283.4 billion, up 0.4% from a year earlier, and operating profit of KRW 48.5 billion, a 4.6% increase. The company stated that despite unfavorable conditions including sluggish domestic demand, a decline in sales outlets, and higher prices for major raw and subsidiary materials, it maintained performance at roughly the previous year’s level by actively targeting e-commerce and traditional trade (TT) channels and launching limited-edition seasonal products. Operating profit increased due to royalty income reflecting the growth of overseas subsidiaries; excluding this factor, it was up 0.3% year-on-year.

An Orion official said, “With preemptive investments in production and logistics facilities at home and abroad, growth is expected to accelerate further in the second half as supply volumes increase.”

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