In Q1 2025, VDP recorded notable fluctuations in business results (KQKD) compared to the same period last year. The company’s revenue increased by 15% due to the development of new products and market expansion. However, production costs also rose over 10%, primarily due to rising raw material prices and higher transportation costs.
VDP’s pre-tax profit decreased slightly by about 5% compared to Q1 2024, despite revenue growth. This indicates that the company is facing fierce competition and higher input costs have impacted profitability. Additionally, VDP has invested in new technology to modernize the production process, which led to an increase in short-term investment costs.
The outlook for Q2 2025 is expected to be more positive as the company adjusts its production plans and balances between revenue and costs. VDP anticipates revenue will continue to grow well due to marketing efforts and product improvements.
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