Kraton (Part of DL Holdings) Q3 Report 2023

In 3Q, DL Holdings posted KRW 12 bn(QoQ turned to profit) in operating profit, thanks to DL Chemical’s performance improvement, Cariflex’s sales volume increase and high season impact of DL Energy, despite Kraton’s continued losses due to delay in demand recovery

Sales 602.4 (QoQ -9%, YoY -19%)
Operating Profit -65.6 (QoQ -42%, YoY reverted to loss) * EBITDA -4.1

Kraton underperformed due to Europe regional demand recovery delays and raw material prices continuing the impact of negative lagging