Frencken - UOB Kay Hian 2025-05-22: 1Q25 Results In Line; Moderate Revenue Growth Outshines Peers

• Frencken (SGX:E28)’s 1Q25 earnings of S$10m (+12% y-o-y) are in line with our expectations, forming 25% of our full-year forecast.
• The results improvement was driven by a 12% y-o-y revenue growth as well as gross margin improvement. Gross margin grew 1.1ppt y-o-y to 14.8% in 1Q25 mainly due to better operating leverage. This is an outperformance vs the industry.

Revenue growth across two key segments offset by drop in automotive and industrial automation revenues.

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -
• The automotive (-14% y-o-y) and industrial automation (-19% y-o-y) segments saw a decline in revenue.

Expect moderate revenue growth in 1H25 vs 2H24.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Previous report by UOB:
2025-03-03 Frencken - 2024 Results In Line; Cautiously Optimistic Amid Uncertain Times.

Price targets by other brokers at Frencken Target Prices.

Listing of research reports at Frencken Analyst Reports.

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