Hyundai Motor Company, South Korea’s largest vehicle producer, reported a 9.2% increase in revenues to KRW44.41 trillion in the first quarter of 2025, representing its highest-ever quarterly revenue. The improvement came despite a 0.6% fall in global vehicle sales to 1,001,120 units, from 1,006,706 units in the same period last year.
The automaker said its operating profit rose by 2.1% to KRW 3.63 trillion in the three-month period, equivalent to an operating margin of 8.2%, with the improvement attributed to strong sales of hybrid vehicles and a favorable exchange rate environment. Net profit increased by 0.2% to KRW 3.38 trillion.
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Overseas vehicle sales declined by 1.4% to 834,760 units in the first quarter, with strong growth in North America more than offsetting weaker demand in other key markets. Domestic sales rose by 4% to 166,360 units, after volumes fell by 16% to 159,967 units a year earlier when the company suspended production at its Asan plant to carry out upgrades.
Global sales of electrified models surged by over 38% year-on-year to 212,426 units in the first quarter of 2025, including a 40% increase in hybrid sales to 137,075 units.
The company announced a quarterly dividend of KRW 2,500 per share, in line with its pledge to pay out at least 25% of consolidated net profit attributable to controlling interests. The company said it also plans to cancel 1% of its total issued shares as part of the “mid-to-long-term shareholder return policy” announced in 2023.
Hyundai Motor kept its full-year guidance of revenue growth of between 3% and 4% and an operating profit margin of between 7% and 8%, supported by global strategic initiatives such as supply chain localization and investment optimization in response to changing market dynamics.
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By GlobalData
