News
Hyundai Mobis hit a record 30 trillion won in sales thanks to the brisk sales growth in overseas markets last year.
Hyundai Mobis (CEO Jun Ho-suck) said on January 31 that it recorded 30.789 trillion won in sales in 2012, a 17.1% increase year-on-year. The company’s operating profit for the same period was 2.906 trillion won, up 10.2% from a year ago. It is the first time for the company to break the 30 trillion won sales record.
At the module sector, one of its key businesses, Hyundai Mobis increased sales by 15.1% on a year-on-year basis last year, amounting to 24.060 trillion won, due to the growth in overseas production of its major customers – Hyundai Motors and Kia Motors – and completion of its new production lines (Beijing 3 plant & Brazil plant). Especially, sales in North America showed the highest growth rate of 24.8%, followed by Europe (20.4%) and China (13.0%).
At the auto parts sector, Hyundai Mobis sold a total of 5.889 trillion won worth of products in 2012, a 9.2% rise from the previous year. Particularly, the Chinese market showed the most powerful sales growth of 33.6% year-on-year. China was followed by North America (18.8%) and Europe (5.1%).
However, despite the record-breaking sales performance, the company’s operating profit margin was down 0.6% year-on-year to 9.4%. Its pre-tax profit and net profit were up 13.4% to 4.607 trillion won and up 17% to 3,542 trillion won, respectively.