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.

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.

"Hyundai reports strong revenues, earnings in Q1" was originally created and published by Just Auto, a GlobalData owned brand.

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