Samlip Sets Target of 500 Billion Won in Global Sales by 2030

Jinho Jung Unveils Medium- and Long-Term Vision at Investor Relations Meeting

Plans to Achieve 8% Operating Margin by 2030

On September 30, Samlip announced its plans to achieve standalone sales of 2.1107 trillion won and an operating profit of 170 billion won by 2030 through the expansion of its global business and the restructuring of its business portfolio. The company specifically declared a target of reaching 500 billion won in global sales.

Jinho Jung, Co-CEO of Samlip, revealed this medium- and long-term vision and the organizational improvement roadmap during an investor relations (IR) meeting with analysts and institutional investors on the previous day.

Jinho Jung, Co-CEO of Samlip, presented the mid- to long-term vision and the roadmap for structural improvement at an investor relations (IR) meeting held for analysts and institutional investors on the 29th. Provided by Samlip

Samlip has designated the next 18 months as a critical period for improving profitability and establishing a foundation for growth, with a focus on four key growth drivers: global business, D-commerce, frozen dough, and product innovation. Based on this, the company aims to achieve an operating margin target of 8% by 2030.

The company has set a goal to expand its global sales from the current approximately 75 billion won to 500 billion won by 2030. It plans to extend its business model, proven at Costco in the United States, to other regions and distribution channels while increasing exports of its signature bakery products and K-desserts.

Sales related to Costco in the United States are expected to grow fivefold from 30 billion won this year to 150 billion won by 2030, and the number of stores handling these products will be expanded from 300 to over 900 globally. The product lineup will also be expanded from the current two to six categories.

The food business will be reorganized with a focus on profitability. Samlip will strengthen the competitiveness of its sandwich and salad businesses and broaden its reach by supplying B2B low-sugar and wellness sauces, as well as by expanding into K-sauces and ready-meal products. The processed meat division will concentrate on B2B channels, aiming to improve annual profit and loss by about 2.5 billion won. By winding down non-core businesses, the company is targeting an additional 14 billion won improvement in profitability.

Shareholder returns will also be enhanced. The company plans to set a medium- to long-term dividend payout ratio target of 30% and to systematize investment recovery standards. Major key performance indicators (KPIs) and financial performance will be disclosed quarterly.

At the same time, Samlip will implement 10 core initiatives across four key areas to strengthen safety management within this year. From January to August this year, Samlip’s cumulative accident rate was 0.48%, lower than the food industry average of 0.99% reported by the Korea Occupational Safety and Health Agency last year.

CEO Jung stated, "The next 18 months will be a significant turning point as Samlip launches full-scale efforts to improve organizational efficiency led by profitability and to lay the foundation for growth. Through the expansion of our global business and the innovation of our business structure, we will establish a sustainable growth system while simultaneously enhancing both corporate and shareholder value."

This content was produced with the assistance of AI translation services.