Doosan operating profit jumps 72% on nuclear, gas turbines

April 29 (Asia Today) -- Doosan Corp. sharply improved its first-quarter profitability, helped by steady growth across major affiliates and its own businesses.

Doosan said Wednesday its consolidated first-quarter sales rose 17.7% from a year earlier to 5.06 trillion won ($3.43 billion). Operating profit surged 71.7% to 340.8 billion won ($231 million). Its operating margin reached 6.7%, up 2.1 percentage points from a year earlier.

Doosan Enerbility, a key affiliate, led the performance with sales of 4.26 trillion won ($2.89 billion) and operating profit of 233.5 billion won ($158 million). Sales rose 13.7% and operating profit increased 63.9% from a year earlier, helped by expanded sales of Czech nuclear power plant equipment and gas turbines.

Orders also grew. First-quarter orders reached 2.79 trillion won ($1.89 billion), up 61.8% from a year earlier, driven by increased gas turbine and steam turbine orders at home and abroad. Its order backlog stood at 24.13 trillion won ($16.34 billion) at the end of the quarter, up 45.9%.

Doosan Enerbility expects to win 13.3 trillion won ($9 billion) in orders by the end of the year, including Czech nuclear plant construction, small modular reactor main equipment supply contracts, overseas gas combined-cycle engineering, procurement and construction projects and offshore wind power.

The company plans to maintain stable growth by tapping rising gas turbine demand from the expanding North American data center market and the full-scale launch of nuclear and small modular reactor businesses.

Doosan Bobcat said Monday its first-quarter sales rose 7.1% from a year earlier to 2.25 trillion won ($1.52 billion), while operating profit increased 3.5% to 207 billion won ($140 million).

By region, Europe, the Middle East and Africa grew 18% on recovering demand for compact equipment. North America rose 3% on a recovery in forklift sales, while Asia, Latin America and Oceania grew 4% on stronger sales in South America, China and India.

Doosan's own business division posted sales of 702.3 billion won ($476 million) and operating profit of 187.8 billion won ($127 million), up 44.8% and 55.1%, respectively. The company said stronger sales of high-end copper-clad laminates at its electronics business group drove the improvement.

Demand from artificial intelligence data center accelerators and memory semiconductors helped the division post its highest quarterly sales. Doosan said it plans to continue growth in the second quarter by expanding sales of existing products and broadening new applications.

-- Reported by Asia Today; translated by UPI

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This story was originally published April 29, 2026 at 8:02 PM.