This is the first time Doosan Bobcat has held an Investor Day event since its listing on the Korea Exchange in 2016. The co-representative executives, CEO and CFO of Doosan Bobcat, presented the company’s key management strategies, 2024 financial performance, and 2025 outlook at the event.
CEO and Vice Chairman Scott Park, the first presenter, explained Doosan Bobcat’s growth strategy.
Park cited four core competencies that have established Doosan Bobcat as a leading manufacturer in the compact equipment sector:
- Product Excellence through a diversified portfolio, while offering the most attachments in the industry
- Global Sales Network based on solid partnerships
- Global Manufacturing Footprint optimized for the demand of each region
- Innovation Advancements that pioneered the compact equipment market and continue to accelerate it forward
Based on these competencies, Doosan Bobcat plans to drive future growth in the mature construction equipment market through M&A and innovation.
Park said, “Since our listing in 2016, both scale and profitability have doubled. Especially over the past five years—during which we actively pursued M&As—we achieved high growth with an annual average sales increase of 15% and an operating profit of 18%, through acquisitions in adjacent business areas such as mowers and forklifts.” He added, “Based on these successful experiences, we will continue to innovate and grow existing businesses while also pursuing inorganic growth through M&As to achieve an annual growth rate of 11%, driving toward our goal of 12 billion USD (16 trillion KRW) in revenue by 2030.”