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EN
Songwon reports Q2/2025 revenue decline amid ongoing margin pressure
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European Coatings
The company generated consolidated sales of KRW 265,408 million in the second quarter, down 3.0 % compared to Q2/2024 (KRW 273,521 million).
Half-year sales reached KRW 541,161 million, a 2.2 % increase over the same period last year.
Challenging market conditions persisted, driven by subdued global demand, ongoing margin pressure and higher labour costs following a court ruling in Korea.
Industrial Chemicals posted Q2 sales of KRW 191,019 million, down 7.6 % year-on-year, while half-year sales remained stable at KRW 399,152 million.
Diverging performance across business divisionsWithin Industrial Chemicals, Polymer Stabilisers remained close to last year’s turnover despite lower demand and geopolitical uncertainties.
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