Record High Operating Profit
Hyundai Motor Company posted a record high first-quarter operating profit of KRW 3.6 trillion with an 8.2% operating profit margin, outperforming market consensus.
Strong Hybrid and EV Sales Growth
In the U.S. market, hybrid model sales increased by 43.0% year-over-year, and EV sales grew by 16.8% year-over-year. In Europe, EV sales increased by 61.1%, and hybrid vehicle sales increased by 24.7%.
Revenue Growth
Consolidated revenue increased by 9.2% year-over-year to KRW 44.4 trillion, with the Automotive division's revenue increasing by 11.2% year-over-year.
Finance Division Performance
The Finance division's revenue increased by 11.2% year-over-year, with operating profit increasing by 34.3%.
Dividend and Treasury Stock Cancellation
Hyundai plans to pay a quarterly dividend of KRW 2,500 and cancel treasury stock worth roughly KRW 1.1 trillion, enhancing shareholder value.