Furnizuesi i iVIGA Tap Factory
The takeover battle for Korea’s largest home furnishing company is heating up.
With the entry of Korean retail giant, Grupi LX, the takeover competition for HANSSEM Home po intensifikohet. Më parë, Supermarketi Shinsegae i Koresë së Jugut, Hyundai Livart, një degë e Hyundai Department Store, and Korea’s Lotte announced their intention to acquire HANSSEM in conjunction with South Korean private equity firm IMM PrivateEquity (IMM), but with the addition of LXHausys, një kompani materialesh ndërtimi në pronësi të LX Group (dikur pjesë e LG), një nga më të mirat e Koresë 50 grupet e korporatave, the takeover is expanding. The takeover camp is expanding.
If LX Hausys acquires HANSSEM, the number one company in the interior design and building materials industry, the landscape of the Korean building materials and interior design industry will be shaken up dramatically. The market share of the top players would be recalculated.
According to Korean media sources, LX Hausys held a board meeting on 6 September and announced that it would invest 300 miliardë dollarë (RMB 1.7 miliardë) as a strategic investor in a private equity fund that IMM plans to set up to acquire HANSSEM. Megjithatë, investimi përfundimtar ende nuk është konfirmuar.
Lotte, Shinsegae and Hyundai Department Store Group have already announced their plans to participate in the acquisition. LX Hausys is considered to have the most competitive advantage given the synergies with HANSSEM’s business.
With the recent divestment of LX Group from LG Group, its business scope has been expanded from traditional building materials to the whole house. Building materials account for approximately 70% e LX Hausys’ shitjet, duke mbuluar dritaret, dyerve, dyshemeja, panele, artificial marble and more. The division recorded sales of KRW 659.6 billion in the second quarter of this year, lart 25% vit pas viti. LX Hausys ka pjesën më të madhe të tregut në kategorinë e dritareve për projektet e pasurive të paluajtshme në Kore. It also has strength in high value-added product lines such as marble kitchen sinks and PF insulation.
HANSSEM has an overwhelming presence in the Korean retail market, having started with kitchen furniture in 1970 and then interior furniture in 1997, and has now expanded its business to include building materials such as bathrooms, dritare dhe dysheme. It is currently the number one market player in Korea in kitchen furniture and interior furniture. Tregtarët e saj kryesorë, quality shops and the number of shops are the most important reasons for attracting the acquirer.
Sipas mediave koreane, HANSSEM has showrooms and oversized experience centers in 15 key locations in the areas of Bangbae-dong, Seoço-gu, Seoul, Nunhyeon-dong, Gangnam-gu, Pangyo-dong, Daegu and Hanam-si, Koreja. HANSSEM products are exclusively available at these locations, si dhe 550 online shops for re-house remodeling, 240 kitchen furniture shops and 80 flagship interior design shops.
HANSSEM employs 8,000 people specializing in remodeling and 2,500 in interior design sales. Shitjet e kompanisë vitin e kaluar (267.5 miliardë KRW) më shumë se katërfishuar nga një vit më parë (65 miliardë KRW), the highest result since its founding. Kanali i tij në internet, the HANSSEM Mall, i cili ofron informacion mbi përshtatjen e shtëpive të reja, moving houses and children’s rooms, has seen positive sales growth since the first quarter of last year. Aktualisht tërheq 3 milion klientë në muaj.
Në 2020, its B2C (remodeling and kitchens) division saw a 23% year-on-year increase in sales. Nga kjo, Ri-Shtëpi, which offers total remodeling solutions, u rrit me 33.3%. HANSSEM’s kitchen sales for second homes account for 27.5% of total sales by 2020. Together with the 30.6% of online and offline sales from the sale of furniture and home furnishings, the B2C business accounts for 69.1%.
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HANSSEM’s Revenue for FY2020 |
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| Të dhënat kryesore të kontabilitetit | 2020 | 2019 |
| Të ardhurat | 2,067,469 | 1,698,372 |
| Gross profit | 542,309 | 473,522 |
| Fitimi operativ | 93,107 | 55,772 |
| Të ardhura para tatimit | 95,490 | 74,459 |
| Net profit growth | 66,841 | 42,715 |
| Rritja e totalit të aktiveve | 1,229,510 | 1,202,638 |
| Increase in total liabilities | 600,608 | 589,339 |
| Numri i përgjithshëm i aksionarëve | 628,902 | 613,299 |
| GJAT | 5.3% | 3.6% |
| ROE | 10.4% | 7.0% |
| Total current ratio | 118.5% | 117.5% |
| Total debt ratio | 95.6% | 96.1% |
| Totali i huave dhe obligacioneve të pagueshme | 5.4% | 5.60% |
| Earnings per share Dividend per share | 3,766 | 2,423 |
| Compiled by Kitchen News from public data | 1,300 | 1,200 |
Kitchen and Bath Information based on public data
Në tremujorin e dytë të 2021, sales and operating profit increased by 9.6% dhe 22.6% respectively compared to the previous year. Remodeling segment sales increased by 24.6 percent year on year.
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HANSSEM’s Performance in the First Half of 2021 |
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| Të dhënat kryesore të kontabilitetit | '20.2 Q | '20.3 Q | '20.4 Q | ‘21.1Q | '21.2 Q | Rritja |
| Shitjet | 5,190 | 5 037 | 5,521 | 5 531 | 5 687 | +9.6% |
| Operating Profit
Profit Before Tax |
226 | 237 | 296 | 252 | 277 | +22.6% |
| 4.3% | 4.7% | 5.4% | 4.6% | 4.9% | +0.6%fq | |
| Profit And Loss For The Period | 211 | 266 | 300 | 269 | 321 | +52.1% |
| 4.1% | 5.3% | 5.4% | 4.9% | 5.6% | +1.5%fq | |
| Rritja
Remodelling |
145 | 190 | 203 | 196 | 243 | +67.6% |
| 2.8% | 3.8% | 3.7% | 3.6% | 4.3% | +1.5%fq | |
| Shtëpi | 1,911 | 1,998 | 2,291 | 2,080 | 2,382 | +24.6% |
| B2b | 1,558 | 1,576 | 1758 | 1 902 | 1 671 | +7.0% |
| Other | 1,087 | 963 | 973 | 1,047 | 1,079 | -0.8% |
| Shitjet | 634 | 500 | 499 | 502 | 555 | -12.4% |
Kitchen and Bath Information based on public data
Pavarësisht nga rritja në madhësi, HANSSEM’s overseas subsidiaries have not been as successful. The sales growth rates of HANSSEM’s US and Chinese subsidiaries have also slowed down each year for the past three years. Vitin e kaluar, sales of the two subsidiaries fell by 10.2% dhe 3.9% përkatësisht, while the Chinese subsidiary experienced a double-digit decline. The decline continued in the first and second quarters of this year as well with negative growth of 17.3% dhe 45.7%.
HANSSEM was already present in China in the early 1990s when it established Beijing HANSSEM Home Products Co Ltd and invested in a cabinet manufacturing plant in Beijing in 1995. It undertakes engineering business and has joined forces with headline companies in the pan-home furnishing industry to develop some engineering projects.
It was found that the shareholder of Beijing HANSSEM Home Products Co Ltd, Hansem (Kinë) Investment Co Ltd, had increased its registered capital in 2020, but this year Beijing HANSSEM Home Products Co Ltd had a succession of changes in legal representatives, drejtorë, shareholders and other members in February.
It is worth noting that earlier this year there have been media reports that most of the Korean executives of HANSSEM stationed in China have been withdrawn one after another in late 2018 dhe herët 2019. Some of the Chinese employees of Chinese origin are looking for their next homes, and some have even already found their next homes. They are only awaiting the arrival of significant redundancy compensation.
Marrëveshja e shpallur më parë për IMM për të blerë një 30.21% aksionet dhe të drejtat e menaxhimit thuhet se vlejnë 1.5 trilion fitime (RMB 8.3 miliardë).
IMM do të shqyrtojë Lotte's dhe LX Hausys’ investment and identify a partner as early as mid-September. Aktualisht, Lotte ka njoftuar zyrtarisht se është “duke marrë parasysh pjesëmarrjen” dhe LX Hausys ka njoftuar se do të investojë 300 billion KRW as a strategic investment. Following the completion of the acquisition of HANSSEM, IMM pret ta zhvillojë atë në operatorin më të madh në tregun e brendshëm dhe offline në shtëpi.
